Market Getting Even Harder To Predict
Friday, November 13th, 2009 at 7:38 pm EST/EDT
It was another mixed end to the week’s trading for the big brand names in the online casino world. There has always been a hint of suspicion that many analysts simply do not fully understand the nuances of the cut and thrust of online casinos.
Certainly, recent trading has not really been in line with the type of numbers that one would expect to see based on the short term information that has been available to the market.
Let’s take a quick look at some of the more volatile movers forĀ Friday November 13th 2009.
Cryptologic shares dipped heavily on Friday. At the opening of business the value of shares was standing at 3.81 and 3.7856 was the share price by the end of trading. That price is 7.51 percent lower than the Thursday November 12th price of 4.07 and leaves the price 6.98% lower than the 4.05 on Wednesday.
Friday also saw by contrast a big increase in the share price of William Hill. 183.30 is what the shares stood at at the opening of business and 189.00 is where the shares stood at the closing bell. That is 2.43% up from 184.40 on Thursday November 12th and is all of 6.77% up from 176.20 on Wednesday November 11th.
The share price of PartyGaming was another one to get a heavy boost on Friday. 253.80 was the standing of the shares at the day’s start and 256.50 was the standing of the shares at the close of business. This leaves the price 1.24% up on the Thursday November 12th price of 253.30 and is 3.27% higher than the 248.10 from 2 days ago.
