MGM Resorts International (MGM) : Traders are bullish on MGM Resorts International (MGM) as it has outperformed the S&P 500 by a wide margin of 3.91% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.53%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.96% in the last 1 week, and is up 6.49% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
MGM Resorts International (NYSE:MGM): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $24.37 and $24.21 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $24.59. The buying momentum continued till the end and the stock did not give up its gains. It closed at $24.45, notching a gain of 1.62% for the day. The total traded volume was 7,309,691 . The stock had closed at $24.06 on the previous day.
The stock has recorded a 20-day Moving Average of 3.97% and the 50-Day Moving Average is 3.7%. MGM Resorts International is up 11.09% in the last 3-month period. Year-to-Date the stock performance stands at 7.61%.
MGM Resorts International (MGM) : The highest short term price target forecast on MGM Resorts International (MGM) is $31 and the lowest target price is $27. A total of 10 equity analysts are currently covering the company. The average price of all the analysts is $29.2 with a standard deviation of $1.14.
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.