MARKET COMPOSITE
MGM - MGM Resorts International8:00:02 PM 5/28/2024
Price
$38.98
-0.74 (-1.86%)
MGM Resorts International is an American global hospitality and entertainment company operating destination resorts in Las Vegas, Massachusetts, Detroit, Mississippi, Maryland, and New Jersey, including Bellagio, Mandalay Bay, MGM Grand, and Park MGM. In January 2019 the company took over Empire City Casino in Yonkers, New York, and also opened MGM National Harbor in Maryland and MGM Springfield in Massachusetts. The company has a majority interest in MGM China Holdings Limited, which owns the MGM Macau resort and casino, and is developing a gaming resort in Cotai. MGM Resorts owns 50 percent of CityCenter in Las Vegas, which features Aria Resort & Casino. It has a majority controlling interest in MGM Growth Properties, a real estate investment trust. The company began operations in 1987 as MGM Grand, Inc. and became MGM Mirage in 2000, after acquiring Mirage Resorts. In the mid-2000s, growth of its non-gaming revenue began to outpace gaming receipts and demand for high-rise condominiums was surging, with median property prices in Las Vegas twice the national average. The company shifted its focus from owning and operating resorts and casinos to developing and building real estate in the leisure and gaming industry—launching the massive CityCenter mixed-use project, which was at the time of its construction the world's largest construction site and ranks as one of the most expensive real estate projects in history. City Center's development coincided with the global financial crisis, causing more than $1 billion in writedowns in its valuation.
Financials
Quarterly financials
(USD)Mar 2024Q/Q
Revenue4.4B+0%
Operating Income458.4MM+9%
Operating Expenses3.9B-
Net Income217.5MM-31%
G&A1.2B-3%
Amortization196.6MM-4%
Interest Expense110MM+3%
Stock Chart

Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from 

Finra

Moving Average Convergence/Divergence oscillator (MACD) is one of the simplest and most effective momentum indicators available.

Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. According to Wilder, RSI is considered overbought when above 70 and oversold when below 30.

Stock news

    MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") announced today that it has donated five million meals into the community since 2016, marking the achievement of a 2025 social impact and sustainability goal well ahead of schedule. In 2023 alone, the Company donated more than 1.2 million meals to feed food insecure people in local communities.

    Key Insights Using the 2 Stage Free Cash Flow to Equity, MGM Resorts International fair value estimate is US$61.95...

    Earnings results often indicate what direction a company will take in the months ahead. With Q1 now behind us, let’s have a look at MGM Resorts (NYSE:MGM) and its peers.

    Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

    Barron’s reported on May 13 that Kraft Heinz (NASDAQ:KHC) was exploring selling its Oscar Mayer brand. Whether or not this idea has merit, it got me thinking about large-cap spinoff stock candidates. Why not spin off Oscar Mayer into its own publicly traded company? Estimates put the brand’s value between $3 billion and $5 billion. While its market capitalization puts it outside S&P 500 eligibility, the unspoken truth is that consumers would love to own a piece of the Oscar Mayer Wienermobile. S

    On May 20, 2024, Mary Jammet, Director at MGM Resorts International (NYSE:MGM), executed a sale of 4,344 shares of the company.

    It might feel like yesterday, but it’s already been six years since the U.S. Supreme Court lifted the federal ban on sports betting. This has allowed states to legalize the sport, and now, over 30 states and D.C. have offered different online options. It has also been reported that 10 other states will come through the legalization soon. Of course, this has been very good news for investors in sports betting stocks. Although sports betting is nothing new, the sector has definitely grown since it

    BetMGM, a leading sports betting and iGaming operator, will celebrate Wheel of Fortune's 8,000th episode during the legendary game show's "Big Money Week" scheduled to air May 20-24. For the first time in the history of the wildly successful syndicated game show, there will be a Nightly Progressive Jackpot sponsored by BetMGM that will be added to whatever a contestant wins if they solve the show's Bonus Puzzle.

    This iconic casino company has a reasonable valuation and plenty of long-term growth drivers.

    Michael Burry’s Scion Asset Management dumped positions in Alphabet Inc. and Amazon.com Inc. during the first quarter while buying shares of an exchange-traded fund that invests in physical gold.