Why It's Time to Bet on This Casino Stock [Yahoo! Finance]
MGM Resorts International (MGM)
Last mgm resorts international earnings: 4/30 04:15 pm
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US:NYSE Investor Relations:
investors.mgmresorts.com
Company Research
Source: Yahoo! Finance
The equity yesterday pulled back 5% to close below the $42.50 area for the first time since early March, and is coming off its second-straight weekly loss with a 3.3% deficit for 2024. Now looks like the right time to bet on the security's next move higher, however, as this most recent pullback placed it near a historically bullish trendline. Specifically, MGM is trading within one standard deviation of its 126-day moving average. According to data from Schaeffer's Senior Quantitative Analyst Rocky White, six similar signals occurred over the past three years, and the stock finished higher 67% of the time, with an average 4.4% one-month gain. From its current perch, a comparable move would put MGM Resorts stock at nearly $45 per share. Its also worth noting that MGM sits firmly in "oversold" territory, indicating that a short-term bounce might already be in the cards. This is per MGM Resorts stock's 14-day Relative Strength index (RSI) of 33.5.
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MGM
News
- Factors Setting the Tone for MGM Resorts' (MGM) Q1 Earnings [Yahoo! Finance]Yahoo! Finance
- 5 Hidden Paths To Climate Action In Your Current Role, No Matter What It Is [Forbes]Forbes
- Will A Macau Recovery Drive MGM Stock Higher Following Q1 Results? [Forbes]Forbes
- We Discuss Why MGM Resorts International's (NYSE:MGM) CEO Will Find It Hard To Get A Pay Rise From Shareholders This Year [Yahoo! Finance]Yahoo! Finance
- ZCG-Backed Affinity Interactive Appoints Scott Butera as President & Chief Executive Officer [Yahoo! Finance]Yahoo! Finance
MGM
Earnings
- 2/13/24 - Beat
MGM
Sec Filings
- 4/11/24 - Form PX14A6G
- 4/9/24 - Form 8-K
- 4/3/24 - Form 4
- MGM's page on the SEC website