When we last reviewed Crown Resorts (ASX:CWN) in October, the share price was around $13.50. In December, Crown started falling, dropping to a low of $11.74 just two weeks ago. This continued the general downtrend that started in January 2014, when the shares were at $18.00.
Crown has since rebounded, trading around $13.86. What’s driving the volatility?
Figure 1 – CWN Price Chart with daily volumes traded