Shares of Caesars Entertainment Corp (CZR) are trading 5% higher at a price of $37.26 at the time of this writing.

Caesars Entertainment Corp has been trading between a 52-week high of $119.81 and a 52-week low of $35.1. The stock has a market cap of $7.99 Billion.

Caesars Entertainment, Inc. is the largest casino-entertainment company in the U.S. and one of the world's most diversified casino-entertainment providers. Since its beginning in Reno, Nevada, in 1937, Caesars Entertainment, Inc.

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As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

A_Stoic_Investor - 77 upvotes - source
It should be very telling if the stock is **still currently having -7% days** as you mentioned, especially when the overall market is simultaneously flat or green. Recent financial reports have made $CZR's overvaluation much clearer. Chapter 11 bankruptcy (Price Target: $0) becomes a consideration within 2-3 years as the bulk of their long-term debt matures and re-financing options are more limited/expensive. To your point, it would have been nice to start shorting $CZR earlier, but it is certainly not too late. A drop from $100 to $90 can be just as profitable as a drop from 50 to 45, 30 to 27, 20 to 18, 10 to 9, 5 to 4.50, and so on depending on the type of position taken. There is a difference between FOMOing into market reflexivity after a transient catalyst vs betting on the continuation of an established longer-term trend that is further supported by new financial data.

Ender618 - 30 upvotes - source
As a technical analyst, I would be careful buying puts or shorting at this moment in time. If you degens decide to short this, wait for a bounce to enter. Looking at the 4hr, Daily, and Weekly charts, this ticker is ready for a corrective bounce. Coupled with the US dollars’ corrective pull back from the highs, CZR is not appealing to me at the moment. Most tickers are turning green as of yesterday because the USD is dropping. Be patient and attack this stock when the set ups are in your favor.

many-brain-tabs-open - 10 upvotes - source
I'm buying puts on CZR after some DD post I read. I have complete faith in a random stranger's DD on reddit

brave_potato - 3 upvotes - source
that bearish CZR post and then the stock going +6% today is the most WSB thing ever

Sandvicheater - 2 upvotes - source
Every casino stock (MGM, WYNN, ETC) along with CZR is tanking all year long. This industry could at any moment black swan the prices back into the moon so I wouldn't go ballz deep in puts.

hashking47 - 2 upvotes - source
Who the fuck bought CZR puts and got fucked?

Imaginary_Brief6534 - 1 upvotes - source
Get ass fucked on CZR short

agri707 - 1 upvotes - source
Great analysis. Had my eyes on CZR throughout this correction. If it’s of any further help there has also been three insiders buy since May, it’s not the most convincing ‘cluster buy’ but it at least shows some confidence from management.

Big_Bridge_9560 - 1 upvotes - source
Hi, what does everyone think about shorting CZR they’re drowning in debt rn and i don’t think they’ll be about much longer

Bryanrock2themoon - 1 upvotes - source
Calls on CZR.