Despite Strength in Casino Stocks, Ameristar (ASCA) Sinks Amid Downgrade
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Price: $3.01 --0%
Rating Summary:
1 Buy, 8 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
1 Buy, 8 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Shares of Ameristar Casinos (Nasdaq: ASCA) are falling today amid an analyst downgrade over at Sidoti & Co. The firm moved its investment rating on the casino operator from Buy to Neutral.
Ameristar's stock most recently traded at $19.74, down about 5.5% from Friday's closing price.
Today's downside move comes despite strength in the broader casino sector, which is benefiting from news that Las Vegas Sands is planning a Hong Kong IPO for its Macau assets. Around the industry, Las Vegas Sands shares are up 16%, Wynn Resorts stock is up 11% and MGM MIRAGE is up 8%.
Ameristar Casinos, Inc. develops, owns, and operates casinos and related hotels in the United States.
Ameristar's stock most recently traded at $19.74, down about 5.5% from Friday's closing price.
Today's downside move comes despite strength in the broader casino sector, which is benefiting from news that Las Vegas Sands is planning a Hong Kong IPO for its Macau assets. Around the industry, Las Vegas Sands shares are up 16%, Wynn Resorts stock is up 11% and MGM MIRAGE is up 8%.
Ameristar Casinos, Inc. develops, owns, and operates casinos and related hotels in the United States.
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