Monarch Casino & Resort Stock Rallies As Trading Week Ends

Monarch Casino & Resort After two sub par days on the stock market, US-based gaming stocks finally rallied to close out the week. Monarch Casino & Resort led the way with an increase of 4.61% and a closing price of $6.81.

Monarch had their stock price up over $7 a share on Wednesday, but by the end of that trading day it had dropped to $6.97. Thursday Monarch stock fell to $6.51 a share before rebounding to end the week.

Melco Crown Entertainment had been one of the gaming stocks that dropped badly this week, but was up 2.92% on Friday. Melco stock finished at $3.52. The stock still has not recovered from the market crash early last year.

Century Casinos and Las Vegas Sands stocks both increased over two percent at the close of the week. Century stock finished at $2.52, while Sands stock closed at $15.71. Las Vegas sands was doing much better of late with their listing on the Hong Kong Stock Exchange.

Pinnacle Entertainment was one of the few gaming stocks that fell on Friday. Pinnacle stock was down less than one percent, with a price of $7.39. Wynn Resorts remains the most stable US gaming stock, increasing slightly and finishing Friday at $61.37.