MGM Resorts International (MGM)
Consumer Discretionary5 articles
Price chart
MGM Resorts International (MGM) overview
MGM Resorts operates casino and hospitality resorts, notably on the Las Vegas Strip. It is a member of the S&P 500 and is classified in the Consumer Discretionary sector — 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. As of the most recent market data, the stock was priced around $46.13, down 1.64% on the session.
Over the past 52 weeks, MGM has traded between $29.19 and $51.59. Shares are valued at a trailing price-to-earnings (P/E) ratio of about 64.1, a common gauge of how richly the market prices the company's earnings.
Key statistics
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Why investors watch MGM
As one of the larger companies in the Consumer Discretionary sector, MGM Resorts International is closely followed by investors and often moves with broader trends across retailers, automakers and leisure companies whose sales rise and fall with consumer confidence. Traders watch MGM for earnings reports, analyst rating changes, and headlines that can shift sentiment — each of which is summarized on this page as it breaks.
Market Mood
Latest MGM news
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.
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 (MGM) is a member of the S&P 500 index, classified in the Consumer Discretionary sector.
What sector is MGM in?
MGM Resorts International is classified in the Consumer Discretionary sector of the S&P 500 — retailers, automakers and leisure companies whose sales rise and fall with consumer confidence.
Where can I find the latest MGM news?
This page collects recent MGM Resorts International (MGM) news and market analysis, each article summarized by AI and tagged with bullish, bearish, or neutral sentiment.
What is MGM Resorts International's stock price?
As of the most recent market data, MGM Resorts International (MGM) traded at approximately $46.13. Prices move throughout the trading day, so this reflects the latest available quote rather than a live price.
What is MGM's P/E ratio?
MGM trades at a trailing price-to-earnings ratio of about 64.1. The P/E ratio compares a company's share price to its earnings per share.