Caesars Runs Into Brutus

 | Aug 05, 2014 11:59AM ET

Shares of Caesars Entertainment Corporation (NASDAQ:CZR) have falling sharply lower by 0.89 cents to $13.22 a share. The decline comes as Caesars Entertainment and its note-holders trade lawsuits over its restructuring. Either way, day traders can watch for intra-day support around the $12 level, which is an area where traders can expect a small bounce.