Shares of Las Vegas Sands Corp. (LVS) Exceed 52-Week High

February 25, 2021 11:44:48

Las Vegas Sands Corp. (NYSE:LVS) traded today at a new 52-week high of $65.15. So far today approximately 1.8 million shares have been exchanged, as compared to an average 30-day volume of 8.5 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.

Las Vegas Sands Corp. has overhead space with shares priced $63.89, or 0.7% below the average consensus analyst price target of $64.31.

Over the past year, Las Vegas Sands Corp. has traded in a range of $33.30 to $65.15 and is now at $63.89, 92% above that low.

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