Archon (OTCMKTS:ARHN) Stock Price Down 22.2% – Time to Sell?

Archon Corp. (OTCMKTS:ARHNGet Free Report) traded down 22.2% during mid-day trading on Wednesday . The company traded as low as $7.00 and last traded at $7.00. 137 shares changed hands during trading, a decline of 90% from the average session volume of 1,379 shares. The stock had previously closed at $9.00.

Archon Stock Down 22.2%

The company’s fifty day simple moving average is $10.18 and its two-hundred day simple moving average is $12.46.

About Archon

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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.

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