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Stock Market & Financial Investment News

News Breaks
June 20, 2014
06:41 EDTMPELMelco Crown volatility elevated
Melco Crown June weekly call option implied volatility is at 48, July 45, October is at 48; compared to its 26-week average of 39 according to Track Data, suggesting large near term price movement.
News For MPEL From The Last 14 Days
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October 13, 2014
06:32 EDTMPELMelco Crown shares could rally $10 on Osaka win, says Citigroup
Citigroup estimates shares of Melco Crown could rally up to $10 should the company win a gaming license in Osaka, Japan. Citi expects the gaming bill in Japan to be passed in November, and notes Melco is a major candidate in Osaka. The firm believes the upcoming opening of City of Dreams Manila will be a "game changer" to the Philippines gaming market. It lowered its price target for shares to $43 from $46 and keeps a Buy rating on the name.

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