Shares of Las Vegas Sands Corp. (NYSE:LVS) traded today at $64.94, eclipsing its 52-week high. This new high was reached on approximately average trading volume as 7 million shares traded hands, while the average 30-day volume is approximately 8.2 million shares.
Las Vegas Sands is the world’s largest operator of fully integrated resorts, featuring casino, hotel, entertainment, food and beverage, retail, and convention center operations. The company owns the Venetian Macao, Sands Macao, Sands Cotai Central Londoner, Four Seasons Hotel Macao, and Parisian in Macao, the Marina Bay Sands resort in Singapore, and the Venetian and Palazzo Las Vegas in the U.S. We expect Sands to open a fourth tower in Singapore in 2025. The company generates about 90% of its EBITDA from Asia, and its casino operations generate around 70% of sales.
Based on a current price of $63.55, Las Vegas Sands Corp. is currently 8.5% above its average consensus analyst price target of $58.12.
In the past 52 weeks, shares of Las Vegas Sands Corp. have traded between a low of $33.30 and a high of $64.94 and is now at $63.55, which is 91% above that low price.
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