Archon (OTCMKTS:ARHN) Trading Down 18.8% – Here’s What Happened

Archon Corp. (OTCMKTS:ARHN)’s share price traded down 18.8% during mid-day trading on Monday . The stock traded as low as $6.50 and last traded at $6.50. 550 shares were traded during mid-day trading, The stock had previously closed at $8.00.

Archon Price Performance

The firm’s 50 day moving average price is $7.97 and its 200-day moving average price is $9.29.

Archon Company Profile

Archon Corporation, through its subsidiary, Pioneer Hotel Inc, engages in the ownership, management, and operation of casinos and hotels in the United States. It operates the Pioneer Hotel & Gambling Hall (the Pioneer) in Laughlin, Nevada that consists of a casino. The company also owns real estate properties on Las Vegas Boulevard South in Las Vegas, Nevada; and rental properties that include commercial office space in Dorchester, Massachusetts. Archon Corporation was founded in 1991 and is based in Laughlin, Nevada.