Shares of MGM Resorts International (MGM) Sees Large Inflow of Net Money Flow

MGM Resorts International (MGM): $2.62 million was the positive money flow into the stock on Monday and the up/down ratio of ticks was also in favor of the bulls at 1.28. The value of trades done on upticks was $11.81 million, whereas, trades done on downticks were valued at $9.19 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $3.69 million worth stocks on upticks, which is a bullish indication. The downticks accounted only for $2.12 million worth of block trades showing a lack of interest among the large traders to sell the stock down. The up/down ratio of 1.74 was strongly in favor of the bulls. The money flow in block trades was $1.57 million. MGM Resorts International (MGM) fell $0.01 traded at $23.34, a change of -0.02% over the previous day. The stock is 1.63% for the week.


MGM Resorts International is up 2.27% in the last 3-month period. Year-to-Date the stock performance stands at 2.95%. Shares of MGM Resorts International appreciated by 1.74% during the last five trading days but lost 3.19% on a 4-week basis. In a related news,The director of Mgm Resorts International, Gay Mary Christine sold 5,300 shares at $23.89 on June 14, 2016. The Insider selling transaction had a total value worth of $126,617. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

MGM Resorts International (NYSE:MGM): stock turned positive on Monday. Though the stock opened at $23.44, the bulls momentum made the stock top out at $23.61 level for the day. The stock recorded a low of $23.29 and closed the trading day at $23.39, in the green by 0.21%. The total traded volume for the day was 5,466,097. The stock had closed at $23.34 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.

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