NasdaqGS:MCRIHospitality
Assessing Monarch Casino & Resort (MCRI) Valuation After Consumer Sentiment Shock Hits Discretionary Spending
Consumer sentiment shock hits Monarch Casino & Resort (MCRI)
The sharp drop in the latest University of Michigan consumer sentiment survey sent several consumer discretionary names lower, and Monarch Casino & Resort (MCRI) fell 2.6% in the afternoon session.
See our latest analysis for Monarch Casino & Resort.
Beyond today’s consumer sentiment shock, Monarch’s recent weakness, including a 3.33% one day share price decline and softer short term returns, contrasts with its much stronger 1 year...