Las Vegas Sands Up Over 11%, After 1Q Earnings Report -- Data Talk
April 23 2020 - 11:42AM
Dow Jones News
Las Vegas Sands Corp. (LVS) is currently at $45.74, up $4.71 or
11.48%
-- On pace for largest percent increase since Nov. 1, 2018, when
it rose 11.82%
-- Currently up two consecutive days; up 12.41% over this
period
-- Earlier Thursday, J.P. Morgan upgraded Las Vegas Sands to
overweight from neutral, and Deutsche Bank and Nomura both raised
their price target for the company, Benzinga reported
-- On Wednesday, Las Vegas Sands reported first-quarter total
net revenue declined to $1.78 billion from $3.65 billion a year
earlier. Analysts had expected $2.03 billion of revenue
-- "We are confident that travel and tourism spending in each of
our markets, and around the world, will eventually recover," Chief
Executive Sheldon Adelson, the company's biggest shareholder, said
Wednesday
-- Best two day stretch since the two days ending April 8, 2020,
when it rose 14.37%
-- Up 7.7% month-to-date; on pace for best month since Dec.
2019, when it rose 10.02%
-- Down 33.75% year-to-date
-- Down 68.36% from its all-time closing high of $144.56 on Oct.
2, 2007
-- Traded as high as $46.49
-- Up 13.31% at today's intraday high; largest intraday percent
increase since March 25, 2020, when it rose as much as 15.23%
-- Third best performer in the S&P 500 today
All data as of 11:02:34 AM
Source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
April 23, 2020 11:27 ET (15:27 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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