MGM - MGM Resorts International

NYSE - NYSE Delayed Price. Currency in USD
28.56
+0.82 (+2.96%)
At close: 4:01PM EST
Stock chart is not supported by your current browser
Previous Close27.74
Open28.06
Bid28.25 x 4000
Ask0.00 x 900
Day's Range27.68 - 28.62
52 Week Range21.62 - 38.41
Volume13,682,797
Avg. Volume8,829,474
Market Cap15.057B
Beta (3Y Monthly)1.13
PE Ratio (TTM)8.63
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.48 (1.75%)
Ex-Dividend Date2018-12-07
1y Target EstN/A
Trade prices are not sourced from all markets
  • MGM Resorts shares rally as activist joins board
    CNBC Videos2 days ago

    MGM Resorts shares rally as activist joins board

    CNBC's Leslie Picker and Contessa Brewer report on MGM Resorts latest move to appoint Kevin Meister to the board.

  • Dept. of Justice now says all online gambling is illegal, not just sports gambling
    Yahoo Finance Video5 days ago

    Dept. of Justice now says all online gambling is illegal, not just sports gambling

    The US Justice Department now says federal law prohibits all online gambling - reversing a 2011 decision that only barred sports gambling. Yahoo Finance's Julie Hyman, Adam Shapiro, Alexis Keenan, Ethan Wolff-Mann and Brian Sozzi discuss.

  • 4 Stocks to Gain as Sports Betting Breaks New Ground
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    4 Stocks to Gain as Sports Betting Breaks New Ground

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  • CNBC2 days ago

    Stocks making the biggest moves premarket: Tesla, CVS Health, Eli Lilly, Netflix & more

    These are the stocks posting the largest moves before the bell.

  • Reuters2 days ago

    MGM hands board seat to activist hedge fund Corvex's Meister

    Meister will join the board on Friday, expanding its size by one to 13 members, MGM said in a statement released late on Thursday. Speculation had mounted in recent days about a possible change to the board after Reuters reported that Starboard Value, led by Jeffrey Smith, had built a position in MGM and was considering pushing for changes.

  • MGM hands board seat to activist hedge fund Corvex's Meister
    Reuters3 days ago

    MGM hands board seat to activist hedge fund Corvex's Meister

    Meister will join the board on Friday, expanding its size by one to 13 members, MGM said in a statement released late on Thursday. Speculation had mounted in recent days about a possible change to the board after Reuters reported that Starboard Value, led by Jeffrey Smith, had built a position in MGM and was considering pushing for changes.

  • Lynn senator to put sports betting bill on the table
    American City Business Journals3 days ago

    Lynn senator to put sports betting bill on the table

    The proposal would make sports betting legal in Massachusetts, eight months after the Supreme Court opened the doors for states to enter the sports gambling market.

  • Caesars Becomes the NFL's Official Casino, With a Key Restriction
    Motley Fool4 days ago

    Caesars Becomes the NFL's Official Casino, With a Key Restriction

    The deal allows advertising, but no affiliation with sports betting.

  • 5 Companies That Could Win Big As The U.S. Legalizes Sports Betting
    Oilprice.com4 days ago

    5 Companies That Could Win Big As The U.S. Legalizes Sports Betting

    New U.S. legislation has opened up a new market for online gambling and e-gaming, and sports betting is the most popular niche

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    What Investors Should Know About the Major Upheaval in the Gambling Industry

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  • Here's Why The DOJ Has An 'Uphill Battle' To Defend New Online Gambling Stance
    Investor's Business Daily5 days ago

    Here's Why The DOJ Has An 'Uphill Battle' To Defend New Online Gambling Stance

    The Department Of Justice could struggle to defend a new opinion that threatens the legality of online gambling, an analyst has said.

  • Markit5 days ago

    See what the IHS Markit Score report has to say about MGM Resorts International.

    # MGM Resorts International ### NYSE:MGM View full report here! ## Summary * Perception of the company's creditworthiness is negative but improving * Bearish sentiment is low * Economic output in this company's sector is expanding ## Bearish sentiment Short interest | Positive Short interest is extremely low for MGM with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting MGM. ## Money flow ETF/Index ownership | Neutral ETF activity is neutral. The net inflows of $11.85 billion over the last one-month into ETFs that hold MGM are not among the highest of the last year and have been slowing. ## Economic sentiment PMI by IHS Markit | Positive According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year, and is accelerating. ## Credit worthiness Credit default swap | Negative The current level displays a negative indicator with a strengthening bias over the past 1-month. MGM credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness. Please send all inquiries related to the report to score@ihsmarkit.com. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • Oilprice.com6 days ago

    5 Likely Winners In A Booming $400 Billion Gambling Market

    Sports gambling, a huge illegal market in the U.S. is about to be legalized and both sports fans and online casinos are scrambling to roll the dice

  • The Biggest Streaming Sports Storylines to Watch in 2019
    Zacks6 days ago

    The Biggest Streaming Sports Storylines to Watch in 2019

    On this episode of the Full-Court Finance podcast, Associate Stock Strategist Ben Rains dives into some of the latest streaming TV news from Roku, Hulu, and others before he breaks down some of the biggest streaming sports storylines to watch in 2019 and beyond.

  • Activist Hedge Fund Starboard Value is Looking at MGM
    InvestorPlace6 days ago

    Activist Hedge Fund Starboard Value is Looking at MGM

    To receive further updates on this MGM Resorts International (NYSE:MGM) trade as well as an alert when it's time to take profits, sign up for a risk-free trial of Power Options Weekly today. This morning I am recommending a bullish trade on MGM Resorts International (NYSE:MGM), the holding company that owns and operates domestic and international resorts and casinos. MGM started to recover at the end of December, and now it is between its 50-day and 200-day moving averages. Ordinarily, I would be skeptical of such a quick recovery, but MGM received good news last week that may help it continue climbing. InvestorPlace - Stock Market News, Stock Advice & Trading Tips ### New Investors According to Bloomberg, activist hedge fund Starboard Value has built a stake in MGM. Activist investors are groups or individuals that purchase large numbers of a public company's shares with the goal of obtaining seats on the company's board. Usually their goal is to affect major change. Starboard Value is most famous for taking over Darden Restaurants, Inc. (NYSE:DRI) in 2014. Darden operates Olive Garden and Longhorn Steakhouse, among other restaurants, and under Starboard Value, the stock rose 60% by 2016. Money from an activist investor doesn't guarantee success, but the price of MGM rose after the news. Investors seem to think this would be a positive change. I'm also seeing significant open interest in MGM call options -- approximately 20,000 contracts for the February $31 calls, and over 10,000 contracts for both the March $34 calls and March $35 calls. This tells me there's a lot of bullish sentiment behind MGM stock. ### Overcoming Resistance I mentioned last week that "V-shaped" recoveries are rare. MGM rebounded right back up to where it was before Christmas Eve. If you look at the chart below, MGM encountered some resistance at its 200-day moving average, and it hasn't had a chance to retest its recent lows. Daily Chart of MGM Resorts International (MGM) -- Chart Source: TradingView While V-shaped rallies are rare, not every company rebounding from December's lows has good news behind it. The stock may need to head down and establish support before breaking out to the upside. But the bullish news of a new investor could buoy the stock, and MGM may find support well above its $21 low. For theses reasons, I am recommending a bullish call option on MGM. Buy to open the MGM Resorts International (MGM) Mar 15th $29 Calls (MGM190315C00029000) at $1.50 or lower. Follow our Facebook page to receive each Trade of the Day direct to your News Feed -- and join the conversation. InvestorPlace advisor Ken Trester brings you Power Options Weekly, which delivers 5 new options trades and his latest trading advice to you each Friday. Trester has been trading options since the first exchanges opened in 1973 with a winning streak that goes back to 1984 with money-doubling average annual profits since 1990. Compare Brokers The post Activist Hedge Fund Starboard Value is Looking at MGM appeared first on InvestorPlace.

  • Carl Icahn builds stake in Caesars Entertainment: Sources
    CNBC9 days ago

    Carl Icahn builds stake in Caesars Entertainment: Sources

    Shares of Caesars jump after reports that Carl Icahn is building a stake in the casino company.

  • MGM Resorts Stock Gains on Probable Starboard Value Stake
    Zacks9 days ago

    MGM Resorts Stock Gains on Probable Starboard Value Stake

    Activist hedge fund Starboard Value builds a position in the MGM Resorts International (MGM), the exact value of which has been kept under wraps.

  • 3 Big Stock Charts for Friday: General Electric, Hologic and MGM Resorts
    InvestorPlace9 days ago

    3 Big Stock Charts for Friday: General Electric, Hologic and MGM Resorts

    It wasn't a screaming victory, but Thursday's 0.45% gain for the S&P 500 marks its fifth gain in a row. Observers are gaining confidence, though shrinking volume says actual participants are thinning out. Bed Bath & Beyond (NASDAQ:BBBY) led the way with its 16.6% romp in response to an unexpectedly strong 2019 outlook. Twitter (NYSE:TWTR) made some bullish waves as well, however, up a healthy 2.6% after Bank of America's Merrill Lynch upgraded TWTR stock from "underperform" to "buy," citing an opportunity to improve user engagement. There weren't a whole lot more advancers than decliners though, with Target Corporation (NYSE:TGT) doing the most collective damage. Shares of the big-box store were off 2.9% in sympathy with a couple of alarming reports from rival retailers. InvestorPlace - Stock Market News, Stock Advice & Trading Tips While the marketwide rally is anything but sweeping, that's beneficial in the sense that winners are separated from losers and actual trends can develop without the market's interference. To that end, stock charts of General Electric (NYSE:GE), Hologic (NASDAQ:HOLX) and MGM Resorts International (NYSE:MGM) are among the best of those bets heading into the weekend. ### Hologic (HOLX) More than once in recent months Hologic has merited a closer look. The converging trading range has been building up some pent-up action. It just needed the right catalyst to put that move into motion … higher or lower. * Morgan Stanley: 7 Risky Stocks to Sell Now It looked like that was going to happen in November, in a bullish direction, but the broad market tide had other plans for HOLX. Thursday's break back above the long-term technical ceiling, however, may be the one that sticks now that the market is helping. Click to Enlarge • The converging trading range in question is plotted by white dashed lines on both stock charts. Hologic is back above the upper edge of that range as of yesterday's close. • Still, given the fake-out seen a few weeks ago, the smart-money move here may be waiting to see if HOLX can push back above the technical ceiling around $45, plotted with a yellow dashed line. • While the undertow has actually been bullish for several weeks, any move between here and $45 is unlikely to be a straight line. It still may be worth the wait, however. ### General Electric (GE) Though well up from its late-December low, the gain General Electric shares have dished out since then has been in question. The doubters were feeling particularly vindicated on Tuesday and Wednesday, when the advance stopped and reversed. Looking back on Wednesday's and Thursday's bars, however, the bullish case for GE may be even better now specifically because of the stumble. Click to Enlarge • Wednesday's bar, marked with a yellow arrow, only had to kiss the recently hurdled 50-day moving average line, plotted in purple, to renew the buying effort. Thursday's follow-through confirms Wednesday's doji was indeed a pivot. • The previous line in the sand is still in play, however. That's the $9 area, where General Electric has found a ceiling more than once in recent weeks. • Looking back, the November meltdown looks like it could have been a capitulation of sorts. We've seen more buying volume for GE now than we have in months. ### MGM Resorts International (MGM) Finally, three weeks ago, MGM Resorts International looked like it was in massive trouble. As of two weeks ago, that idea was in question. One week ago, MGM looked ready to take flight. As of this morning, nobody has a clue. Thursday's action raised far more questions than answers. The good news is, the bulls and the bears are going to have to make a decision soon. The lines in the sand are pretty clear too. Click to Enlarge • The shape of yesterday's bar is telling. The bulls were content to pile on early on, but by the end of the day most of the bulls were getting back out again. This looks like the pivot out of the uptrend. • Or, maybe it isn't. The buying volume this week has not only been above average, it has been growing too. On the weekly chart we've got a fresh MACD buy signal and a Chaikin line back above zero. • A pause here isn't surprising, as the white 200-day moving average line comes into view. From here, the bulls will have to either take MGM to the next level or throw in the towel. If the 200-day line can be hurdled, that should be a bullish catalyst. As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can follow him on Twitter, at @jbrumley. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks You Can Set and Forget (Even In This Market) * 10 Virtual Assistants for the Future of Smart Homes * 7 5G Stocks to Buy as the Race for Spectrum Tightens Compare Brokers The post 3 Big Stock Charts for Friday: General Electric, Hologic and MGM Resorts appeared first on InvestorPlace.

  • Oakmark Funds’ Bill Nygren Discusses Poor Q4 Performance – He Is Not Losing Confidence
    Insider Monkey10 days ago

    Oakmark Funds’ Bill Nygren Discusses Poor Q4 Performance – He Is Not Losing Confidence

    In a recent Q4 2018 commentary, Bill Nygren from Oakmark Funds shared his views on the current fund’s performance and defended its strategy. Mr. Nygren holds the opinion that the companies, in which his fund invested, have performed quite well, but the problem was in the performance of their stocks. It seems that the businesses […]

  • Starboard building stake in MGM Resorts: sources
    Reuters10 days ago

    Starboard building stake in MGM Resorts: sources

    MGM Resorts is aware of Starboard's investment, the sources said, asking not to be identified because the matter is confidential. "The company does not comment on market rumors", MGM Resorts said in a statement. MGM Resorts shares rose 2 percent to $28.19 on the news, giving the company a market capitalization of $15 billion.

  • Starboard Builds a Stake in MGM Resorts and Will Seek Changes
    Bloomberg10 days ago

    Starboard Builds a Stake in MGM Resorts and Will Seek Changes

    The New York hedge fund has built a small position in the company over the last couple months, said the people, asking not to be identified because the matter is private. The size of Starboard’s position and the type of changes it’s seeking couldn’t be immediately learned. Shares in MGM rose as much as 4.9 percent before settling up 2.3 percent to $28.25 at 10:57 a.m. in New York trading Thursday, giving the company a market value of about $14.9 billion.

  • Reuters10 days ago

    Starboard building stake in MGM Resorts - sources

    MGM Resorts is aware of Starboard's investment, the sources said, asking not to be identified because the matter is confidential. "The company does not comment on market rumors", MGM Resorts said in a statement. MGM Resorts shares rose 2 percent to $28.19 on the news, giving the company a market capitalization of $15 billion.

  • CNBC10 days ago

    MGM Resorts rises on report of Starboard Value stake

    Shares of MGM Resorts rallied Thursday after a report that activist hedge fund Starboard Value has built a stake in the company.

  • MGM Resorts' (MGM) Bellagio Launches Sadelle's in Las Vegas
    Zacks11 days ago

    MGM Resorts' (MGM) Bellagio Launches Sadelle's in Las Vegas

    MGM Resorts' (MGM) focus on non-gaming revenue opportunities and increased visitation in the Las Vegas market are expected to drive domestic market profits.

  • MGM Resorts Sees $300 Million in Annual Savings With New 2020 Plan
    Motley Fool12 days ago

    MGM Resorts Sees $300 Million in Annual Savings With New 2020 Plan

    Cost-cutting is the new growth plan for MGM Resorts.