Resort giants share their shares Las Vegas Sands The stock’s 52-week low price is despite a substantial increase in revenue during the second quarter. (NYSE:). So, let’s find out if it is wise to buy in the dip in the stock.The world’s leading developer and operator of convention-based integrated resorts Las Vegas Sands Corp. (LVS) invested $157 million in the second quarter (ended June 30, 2021) on capital expenditure programs to expand and enhance its integrated resort offerings in Macau and Singapore. Although its quarter-end net revenues increased 1,791.9% over the prior year to $1.17 Billion, the net loss was only $242 Million compared to the $985 M in the preceding year.

The stock has lost 14.8% over the past month and 42.2% over the past six months to close yesterday’s trading session at $36.75. It is trading at 45% below the 52-week peak of $66.77. This was reached on March 3, 2021. LVS currently trades below its 200-day and 50-day moving averages, which are $39.87, $50.48 and respectively, respectively. This indicates that the stock is currently in a downtrend. It could also continue to lose in the coming months because of travel restrictions, as well as reduced visitoration from several countries, including Macao. So, LVS’ near-term prospects look bleak.

Here’s what could shape LVS’ performance in the upcoming months:

Continue reading on StockNews