MGM Resorts International (NYSE: MGM) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility.

Stocks Info

MGM Resorts International is listed on the NYSE in the Consumer Cyclical sector while operating in the Resorts & Casinos industry. The current market capitalization of MGM Resorts International is $9.86B. A total of 3.93 million shares were traded on the day, compared to an average of 4.10M shares.

In the most recent transaction, Meister Keith A. sold 51,000 shares of MGM for 36.57 per share on Dec 13 ’24. After the transaction, the Director now owns 5,687,478 company shares. In a previous transaction on Dec 13 ’24, Corvex Management LP bought 51,000 shares at 36.60 per share.

Among the insiders who sold shares, Meister Keith A. disposed of 121,000 shares on Sep 13 ’24 at a per-share price of $36.72. This resulted in the Director holding 5,738,478 shares of MGM after the transaction. In another insider transaction, Corvex Management LP bought 121,000 shares at $34.97 per share on Sep 13 ’24.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, MGM has a high of $48.24 and a low of $31.61.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. 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 $10.89, while its Total Shareholder’s Equity was $11.12B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. 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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