|Bid||5.56 x 4000|
|Ask||5.57 x 1800|
|Day's Range||5.50 - 5.77|
|52 Week Range||4.06 - 16.15|
|Beta (5Y Monthly)||1.64|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 25, 2022 - Jul 29, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Feb 28, 2020|
|1y Target Est||7.88|
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Local authorities imposed the first full lockdown in over two years on a casino resort in the Macao enclave.
Investors came into Tuesday's trading session on Wall Street in a good mood, but they certainly didn't leave feeling the same way. All three had been up even further earlier in the day, before the broader market sell-off took hold.
Shares of Melco Resorts (NASDAQ: MLCO) jumped as much as 13.5% in trading on Tuesday after China announced it was reducing some COVID-19 restrictions. China's strict COVID-19 restrictions are starting to ease in some of the country's largest cities, and that's seen as a good thing for gambling stocks in Macao. Case numbers in Shanghai have fallen, and restrictions on dining and school have been reduced, so it's possible that travel will open up to Macao relatively soon.