MGM Resorts Internationals in-depth stock price analysis indicates that the stock price has rallied 0.35% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 20.08% . Looking at the past 52 week period, the stock price is up at 57.54% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of MGM Resorts International has a positive value of 34.47 compared to overall market. MGM Resorts International (NYSE:MGM) has tumbled 1.14% during the past week and has dropped 0.31% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 1.94%. MGM Resorts International (NYSE:MGM) has underperformed the index by 2.1% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
MGM Resorts International (NYSE:MGM) stock ended Friday session in the red zone in a volatile trading. The stock closed down 0.09 points or 0.31% at $28.53 with 4,791,305 shares getting traded. Post opening the session at $28.68, the shares hit an intraday low of $28.48 and an intraday high of $28.79 and the price was in this range throughout the day. The company has a market cap of $16,358 million and the number of outstanding shares has been calculated to be 573,366,720 shares. The 52-week high of MGM Resorts International (NYSE:MGM) is $30.62 and the 52-week low is $16.505.
MGM Resorts International Last issued its quarterly earnings results on Nov 7, 2016. The company reported $0.58 EPS for the quarter, beating the analyst consensus estimate by $ 0.40. Analyst had a consensus of $0.18. The company had revenue of $2515.00 million for the quarter, compared to analysts expectations of $2387.16 million. The companys revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.MGM Resorts International was Reiterated by Telsey Advisory Group on Jan 17, 2017 to Outperform, Lowers Price Target to $ 33 from a previous price target of $34 .MGM Resorts International was Initiated by Goldman to Buy on Dec 16, 2016. Company shares were Reiterated by Telsey Advisory Group on Dec 9, 2016 to Outperform, Raises Price Target to $ 34 from a previous price target of $33 .
Company has reported several Insider transactions to the SEC, on Dec 14, 2016, Daniel Darrigo (EXECUTIVE VICE PRESIDENT & CFO) sold 32,618 shares at 30.07 per share price.On Nov 30, 2016, William Hornbuckle (PRESIDENT) sold 46,772 shares at 29.00 per share price.On Nov 30, 2016, Phyllis James (EVP SPECIAL COUNSEL-LITIGATION) sold 5,734 shares at 28.93 per share price.
MGM Resorts International, formerly known as MGM MIRAGE, is a global hospitality company, operating a portfolio of destination resort brands, including Bellagio, MGM Grand, Mandalay Bay and The Mirage. The Company?s resorts offer gaming, hotel, dining, entertainment, retail, and other resort amenities. It owns and operates properties located in Nevada, Mississippi and Michigan, and has investments in some properties in Nevada, Illinois and Macau. Through its hospitality management subsidiary, the Company holds a growing number of development and management agreements for casino and non-casino resort projects around the world. MGM Resorts International is based in Las Vegas, Nevada.