MGM Resorts International (MGM)
Consumer Discretionary9 articles
Price chart
Why is MGM moving today?
+1.8%MGM is +1.8% today, inside the ordinary range for a session (under 3%). No stories about it reached the feed in the last 24 hours.
What this does not prove. A story on the same day is evidence of timing, not of cause: it explains a move only if it accounts for the size and the direction, and most single-stock moves carry a sector or index component too. Nothing here is a forecast.
Source: Yahoo Finance - quote as of 13 hours ago
MGM Resorts International (MGM) overview
MGM Resorts operates casino and hospitality resorts, notably on the Las Vegas Strip.
MGM is a member of the S&P 500. It sits in the Consumer Discretionary sector. That sector covers retailers, automakers and leisure companies whose sales rise and fall with consumer confidence.
MGM Resorts International trades on the NYSE under the ticker symbol MGM. The most recent market data puts the share price at about $29.48. That is up 1.80% on the session. At that price the company is worth roughly $7.54B.
Over the past 52 weeks, MGM has traded between $28.72 and $51.59. Shares change hands at a trailing price-to-earnings (P/E) ratio of about 18.2. The P/E ratio sets the share price against a year of earnings. A higher number means the market is paying more for each dollar the company earns.
Key statistics
Source: Yahoo Finance - quote as of 13 hours ago
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
Why investors watch MGM
MGM is one of the larger names in the Consumer Discretionary sector, so investors follow it closely. It tends to move with the rest of the sector. This page sums up each MGM story as it breaks, and tags it bullish, bearish or neutral.
What moves MGM
- Earnings. MGM reports results four times a year. A surprise against the estimate tends to move the stock that day.
- Analyst calls. Upgrades, downgrades and new price targets change what the market expects from MGM.
- Sector news. Consumer Discretionary stocks often move together, so a rival's news can move MGM too.
Market Mood
Latest MGM news
MGM, Darden, Meta Pre-Market Stock Moves Analysis
Several stocks are seeing significant pre-market movements, including MGM, Darden Restaurants, and Meta. These shifts reflect the rapid changes in market sentiment. Exact percentage changes and trading volumes were not provided in the source. Understanding these movements can help investors gauge market reactions and identify potential investment opportunities. For ordinary investors, tracking these stock movements can inform decisions on buying or selling based on pre-market trends.
Read More: MGM, Darden, Meta Pre-Market Stock Moves Analysis
Diller Ends $18 Billion MGM Resorts Bid After June Offer
Media mogul Barry Diller has abandoned his $18 billion takeover bid for MGM Resorts. Diller stated that 'we didn't feel the mix was coming together in the way we had hoped' regarding the offer he made public in June. This decision impacts MGM Resorts' potential investor interest and market perceptions. The move highlights the challenges faced in merger negotiations, which can affect future M&A strategies within the industry.
Read More: Diller Ends $18 Billion MGM Resorts Bid After June Offer
Wynn (WYNN) Stock Outperforms in November Compared to MGM, Caesars
According to Truist, Wynn Resorts (WYNN) stock showed better performance in November compared to its competitors MGM and Caesars. Though specific performance numbers were not disclosed, the comparison indicates a noticeable margin in stock performance. This information may affect investor decisions, as strong performance in a sector like entertainment could suggest investor confidence in Wynn's future. Investors should consider this performance trend, as it may influence their investment strategies in the casino and entertainment sector.
Read More: Wynn (WYNN) Stock Outperforms in November Compared to MGM, Caesars
MGM Resorts (MGM) Trades Higher on Takeover Talks with People Inc.
MGM Resorts (MGM) has seen a rise in trading as discussions regarding a takeover by Barry Diller's People Inc. are reported. This potential acquisition indicates increased interest in MGM amid the growing digital threats to the hospitality and gaming sectors. The trading activity may impact investor confidence and market dynamics for MGM. The takeover talks could potentially lead to a significant change in MGM's operational strategies and market positioning.
Read More: MGM Resorts (MGM) Trades Higher on Takeover Talks with People Inc.
Premarket Moves: SK Hynix, Micron, MGM Resorts Stocks Update
Stocks such as SK Hynix and Micron are highlighted for their significant premarket movements. Investors should note the changing dynamics as these companies navigate market conditions. Micron and SK Hynix are key players in the semiconductor sector, which is sensitive to industry trends. Understanding these fluctuations matters for investors, as they can impact overall market sentiment and stock performance.
Read More: Premarket Moves: SK Hynix, Micron, MGM Resorts Stocks Update
MGM Resorts (MGM) Considers Barry Diller Takeover Proposal
MGM Resorts (MGM) is currently evaluating a takeover proposal from media mogul Barry Diller. The discussions were reported by the Wall Street Journal, but specific details regarding the financial terms or how the deal would impact MGM's operations have not been disclosed. Such a takeover could significantly affect MGM's market position and operational strategy. The outcome of these discussions may influence investor sentiment and stock performance moving forward.
Read More: MGM Resorts (MGM) Considers Barry Diller Takeover Proposal
Micron (MU) and MGM Stocks Surge in Premarket Trading
Micron (MU) and MGM Resorts (MGM) are among the stocks making notable moves in premarket trading, with Micron gaining 3.5% and MGM increasing by 2.2% as of the latest update. This premarket activity suggests positive investor sentiment, potentially influencing market trends. Premarket trading volumes for both stocks have been higher than average, indicating increased interest from investors. Such movements can be seen as indicators of broader market performance and investor confidence in these companies.
Read More: Micron (MU) and MGM Stocks Surge in Premarket Trading
MGM (MGM) Stock Faces Las Vegas Headwinds in SWOT Analysis
MGM Resorts (MGM) is currently facing challenges in the Las Vegas market, according to a recent SWOT analysis. The analysis highlights the company's strengths, weaknesses, opportunities, and threats, with the Las Vegas environment being cited as a significant headwind. Specific details about stock performance or quantitative metrics were not included, making it difficult to assess the direct impact on market prices. Investors should monitor future developments in the Las Vegas tourism sector as they may influence MGM's stock performance.
Read More: MGM (MGM) Stock Faces Las Vegas Headwinds in SWOT Analysis
DraftKings and MGM Shares Rise Amid Sports Gambling Regulation News
Shares of DraftKings and MGM have increased as a new bill proposes a ban on sports gambling on prediction markets like Kalshi and Polymarket. It is reported that approximately 90% of Kalshi’s prediction-market fees revenue has been linked to sports activities in recent months. The potential ban on sports betting could reshape the landscape for these companies. The market reaction indicates investor concern regarding regulatory changes and their effect on revenue streams.
Read More: DraftKings and MGM Shares Rise Amid Sports Gambling Regulation NewsMore Consumer Discretionary stocks
Frequently asked questions
Is MGM Resorts International in the S&P 500?
Yes. MGM Resorts International trades as MGM and is a member of the S&P 500. The index lists it in the Consumer Discretionary sector.
What sector is MGM in?
MGM sits in the Consumer Discretionary sector of the S&P 500.
Where can I find the latest MGM news?
Right here. This page collects recent MGM news and market analysis. Every story gets an AI summary and a bullish, bearish or neutral tag.
What is MGM Resorts International's stock price?
MGM last traded at about $29.48. Prices move all through the session, so this is the latest quote rather than a live one.
What is MGM Resorts International's market cap?
MGM is worth roughly $7.54B. Market cap is the share price times the number of shares outstanding.
What is MGM's P/E ratio?
MGM trades at a trailing P/E ratio of about 18.2. The ratio compares the share price with earnings per share over the past year.