MGM Resorts International (MGM) Shares are Down -1.66%

MGM Resorts International (MGM) : During the past 4 weeks, traders have been relatively bearish on MGM Resorts International (MGM), hence the stock is down -0.71% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.01% relative to the S&P 500. The 4-week change in the price of the stock is -0.92% and the stock has fallen -1.66% in the past 1 week.

For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 2.15% and the fifty day Moving Average is 0.17%. MGM Resorts International is up 3.62% in the last three month period. Year-to-Date the stock performance stands at 4.58%.

MGM Resorts International (MGM) : 9 Wall Street analysts covering MGM Resorts International (MGM) believe that the average level the stock could reach for the short term is $29.22. The maximum price target given is $31 and the minimum target for short term is around $27, hence the standard deviation is calculated at $1.09.


MGM Resorts International (NYSE:MGM): stock turned positive on Friday. Though the stock opened at $23.68, the bulls momentum made the stock top out at $23.88 level for the day. The stock recorded a low of $23.525 and closed the trading day at $23.76, in the green by 0.42%. The total traded volume for the day was 4,589,963. The stock had closed at $23.66 in the previous days trading.

MGM Resorts International is a holding company. Through its wholly owned subsidiaries, the Company owns and operates casino resorts. The Company operates in two segments: wholly owned domestic resorts and MGM China. The wholly owned domestic resorts segment includes non-gaming operations, including hotel, food and beverage, entertainment and other non-gaming amenities. Its casino operations feature a variety of table games, and race and sports book wagering. It operates over 15 wholly owned resorts in the United States. The MGM China segments operations consist of the MGM Macau resort and casino (MGM Macau) and the development of a gaming resort in Cotai, Macau. It owns and operates two resorts in Mississippi, which includes Beau Rivage in Biloxi and Gold Strike Tunica. It also owns Shadow Creek, Primm Valley Golf Club at the California/Nevada state line and Fallen Oak golf course in Saucier, Mississippi.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *