Fly News Breaks for March 5, 2015
MGM, WYNN, LVS
Mar 5, 2015 | 06:23 EDT
Citigroup says Las Vegas Sands is the most defensive stock among the three U.S. large-cap gaming stocks. It sees little risk to the company's dividends and notes management has a "perfect track record" of delivering its guidance. Citi, however, sees "significant risk" of Sands China getting a lot fewer new tables for the Paristhemed Parisian from the government than it asked for. The firm dropped its FY15 Macau gross gaming revenue growth forecast to down 16% from down 4% and lowered its price target for Las Vegas Sands to $66 from $68. It keeps a Buy rating on the stock.
News For LVS;WYNN;MGM From the Last 2 Days
LVS
Mar 18, 2024 | 10:15 EDT
Bearish flow noted in Las Vegas Sands with 3,077 puts trading, or 3x expected. Most active are 3/22 weekly 49.5 puts and 3/22 weekly 50 puts, with total volume in those strikes near 2,400 contracts. The Put/Call Ratio is 3.42, while ATM IV is up nearly 2 points on the day. Earnings are expected on April 17th.