Las Vegas Sands Hoping Stock Price Finishes Year On High Note
Las Vegas Sands It has been an up and down year for US-based casino gaming stocks, and entering the final week of 2009, many stocks are looking to finish 2009 on a high note. One of those companies will be Las Vegas Sands, who will undoubtedly finish the year better than it began.
On January 2nd of this year, the US was dealing with one of the worst stock market crashes in history. Sands stock had dipped to $7.09 and many investors were concerned about the well being of the company.
Now, as the year closes, Sands stock has rebounded as well as can be expected with the economic conditions. Sands’ stock price is $15.33 entering the final week of trading this year.
Sands has been helped out this year by an initial public offering in Asia that raised over $3 billion. That money was used to restart projects in Singapore and Macau, and gave investors hope for the future of the company.
Other companies also enter the final week of 2009 looking to complete a nice turnaround. MGM Mirage stock is $9.50, and Wynn Resorts is trying to get over the $60 a share figure. Currently, Wynn stock is at $59.39. Wynn also had an Asian IPO earlier this Fall.