Melco Crown Entertainment Limited (MPEL) saw a big move last session, as the company’s shares fell by nearly 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the most recent downtrend for MPEL, as the stock is now down 13% since May 28, 2014.
Although this slump was obviously disappointing, the company has seen 3 positive revisions and its current year earnings consensus has moved higher over the past few weeks. This suggests that the recent slump might be a temporary blip on the radar for MPEL. So make sure to keep an eye on this stock going forward to see if yesterday’s price decline is confirmed by more weakness, or if it can rebound in the weeks ahead.
MPEL currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.0%.
Some better-ranked stocks in the services sector include Galaxy Entertainment Group Limited (GXYEY), MGM Resorts International (MGM) and Multimedia Games Holding Company, Inc. (MGAM). All these stocks carry a Zacks Rank #2 (Buy).
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MELCO CROWN ENTERTAINMENT LTD AD (MPEL): Free Stock Analysis Report
GALAXY ENTERTAINMENT (GXYEY): Free Stock Analysis Report
MGM RESORTS INTERNATIONAL (MGM): Free Stock Analysis Report
MULTIMEDIA GAMES HOLDING CO INC (MGAM): Free Stock Analysis Report
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