MGM Resorts International (MGM) Shares are Up 2.75%

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 7.47% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.2%, 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 2.75% in the last 1 week, and is up 5.3% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 3.97% and the 50-Day Moving Average is 5.61%.The 200 Day SMA reached 15.12% MGM Resorts International is up 3.37% in the last 3-month period. Year-to-Date the stock performance stands at 11.97%.


MGM Resorts International (MGM) : Average target price received by MGM Resorts International (MGM) is $29.22 with an expected standard deviation of $1.09. The most aggressive target on the stock is $31, whereas the most downbeat target is $27. 9 financial analysts are currently covering the stock.

For the current week, the company shares have a recommendation consensus of Buy. MGM Resorts International (NYSE:MGM): stock was range-bound between the intraday low of $25.38 and the intraday high of $25.72 after having opened at $25.54 on Fridays session. The stock finally closed in the red at $25.54, a loss of -0.39%. The stock remained in the red for the whole trading day. The total traded volume was 4,792,084 shares. The stock failed to cross $25.72 in Fridays trading. The stocks closing price on Thursday was $25.44.

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.

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