There Is A Quest For Clarity Surrounding MGM Resorts International (NYSE: MGM) Volatility

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NYSE-listed company operates within the Resorts & Casinos industry segment, falling under the Consumer Cyclical sector. The current market capitalization of MGM Resorts International is $12.76B. A total of 5.0 million shares were traded on the day, compared to an average of 4.77M shares.

In the most recent transaction, Meister Keith A. sold 121,000 shares of MGM for 36.72 per share on Sep 13 ’24. After the transaction, the Director now owns 5,738,478 company shares. In a previous transaction on Sep 13 ’24, Corvex Management LP bought 121,000 shares at 34.97 per share.

Among the insiders who bought shares, SALEM PAUL J acquired of 147,500 shares on Aug 05 ’24 at a per-share price of $33.80. This resulted in the Director holding 1,702,500 shares of MGM after the transaction. In another insider transaction, HORNBUCKLE WILLIAM bought 58,900 shares at $33.73 per share on Aug 05 ’24. Company shares held by the CEO AND PRESIDENT now total 377,112.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. MGM’s most recent ex-dividend date was 12/8/2022 when it declared a $0.0025 quarterly dividend that was paid in cash on 12/15/2022. Previously, the company paid the dividend on 9/15/2022 with an ex-dividend date of 9/8/2022. The MGM stock dividend was $0.0025 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, MGM has a high of $48.24 and a low of $33.44.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. MGM’s latest balance sheet shows that the firm has $4.70B in Cash & Short Term Investments as of fiscal 2021. There were $24.69B in debt and $3.44B in liabilities at the time. Its Book Value Per Share was $10.53, while its Total Shareholder’s Equity was $11.12B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MGM is Buy with a score of 4.67.

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