Can Las Vegas Sands Casino Stock Continue To Rise?
Thursday, May 28th, 2009
Las Vegas Sands Las Vegas Sands has followed a similar fate as most other gaming companies in the past year. Their stock, which was long considered to be among the safest for any investor, had drastically dropped along with the rest of the market.
After experiencing the lowest of lows when the companies stock dropped to $1.38 a share, there has been a dramatic turnaround. The company has watched its stock price jump over 400% since March.
Whether or not it can sustain its upward rise or not is a question that many analysts are trying to answer. Some believe that the company has too much debt to have investors keep pumping up the price.
Other, however, see a chance for the stock to continue to rise if one thing was to happen, Sands must sell off their Macau casino. They have been trying to find a buyer, and if that sale does occur, some analysts believe it could be the key to sustaining a solid stock price.
At the close of the day on Friday, Las Vegas Sands stock was down for the day, but up for the week. The stock started on Monday at $8.68 a share. By Friday, the stock had risen to $9.91 a share.
Get $15 Free at the Best New Online Casino!
Lion Slots Casino