MGM Resorts International ($MGM) Stock Forecast: Down 5.1% Today

What is MGM Resorts International?

MGM Resorts International (NYSE: MGM) is a well-known global entertainment company famous for its resorts and casinos.

Why is MGM Resorts International going down?

MGM stock is down 5.1% on Feb 21, 2025 19:27

• Short interest in MGM Resorts International has decreased by 4.26%, suggesting a potential lack of confidence among investors.
• There are 15.12 million shares sold short, accounting for 6.75% of all regular shares available for trading, possibly indicating concerns about the company's performance.
• The decline in short interest may hint at a changing market sentiment towards MGM, potentially influenced by recent events or financial metrics.

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( MGM ) - Analyzing MGM Resorts Intl's Short Interest - MGM Resorts Intl ( NYSE:MGM )

MGM Resorts Intl's MGM short percent of float has fallen 4.26% since its last report. The company recently reported that it has 15.12 million shares sold short, which is 6.75% of all regular shares that are available for trading.

https://www.benzinga.com/insights/short-sellers/25/02/43765542/mgm-analyzing-mgm-resorts-intls-short-interest

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MGM Resorts International Price History

13.08.2024 - MGM Stock was up 5.1%

• MGM Resorts stock demonstrated a significant upward movement.
• Speculation surrounding MGM Resorts could have piqued investor interest and confidence in the company's prospects.
• The emphasis on sports betting companies in recent discussions may have indirectly benefited MGM Resorts, as the industry's positive outlook and growth potential likely influenced investor sentiment.
• The commencement of the NFL season, with an expected surge in sports betting, might have additionally fueled optimism for companies like MGM Resorts operating in the sports betting and entertainment sector.

31.09.2024 - MGM Stock was down 9.1%

• Quarterly earnings for Q3 were below expectations, although revenues showed a yearly increase they did not meet forecasted figures.
• The stock's negative movements could be attributed to the surprises in earnings (-6.90%) and revenues (0.89%) falling short of estimates.
• Despite being boosted by strong leisure demand and beneficial partnerships, the stock faced a decline due to the unmet estimates and future outlook concerns.
• Investors seemed disappointed with MGM's Q3 results, despite positive growth in certain areas and strategic actions taken by the company.

08.09.2024 - MGM Stock was down 6.1%

• The slight increase in the stock price today might not have been enough to offset previous gains, leading to a bearish trend.
• The upcoming earnings report expectations of beating estimates could have raised concerns among investors, causing some to sell off their positions.
• The overall market sentiment and broader economic factors might have influenced the bearish movement of MGM stock today.

19.11.2024 - MGM Stock was down 5.0%

• The drop in MGM's stock price may be linked to overall market sentiment or specific challenges within the entertainment and hospitality sector.
• News of Uber's collaboration with WeRide Inc. in Abu Dhabi might have shifted investor focus away from conventional entertainment and casino stocks, prompting a market sell-off.
• There could be a shift in investor allocation towards technology and innovative firms such as Uber, leading to a repositioning of capital from traditional brick-and-mortar businesses like MGM.
• The partnership announcement between Uber and WeRide Inc. has the potential to disrupt the transport industry, possibly overshadowing established entertainment companies like MGM in today's trading.

11.06.2024 - MGM Stock was up 5.2%

• The under-the-radar stocks with massive growth potential may have sparked interest in MGM, leading to increased buying activity.
• The comparison between MGM and CHDN may have highlighted MGM as the better value stock option, attracting more investors to the company.
• The focus on sin stocks, which tend to be recession-resistant and profitable, could have positively influenced MGM's stock performance as it falls under the category of sin stocks.
• In conclusion, the combination of potential growth opportunities, perceived value, and the recession-resistant nature of sin stocks may have contributed to the bullish movement in MGM's stock price today.

06.07.2024 - MGM Stock was up 5.7%

• MGM stock experienced a strong bullish movement today.
• The positive Q2 earnings and revenue surpassing estimates contributed to the bullish trend.
• The successful performance of MGM China in the best-ever June quarter, with increased tourism and higher winning odds in Macau, also boosted investor confidence.
• Despite concerns raised about bookings for a Formula 1 car race in Las Vegas, the overall positive financial results and expansion into new markets like Michigan with BetMGM's offerings helped drive the stock price up.

01.07.2024 - MGM Stock was down 5.3%

• Despite MGM Resorts posting strong Q2 earnings and revenues that surpassed estimates, the stock saw a bearish movement, indicating a disconnect between performance and market reaction.
• MGM China's best-ever June quarter and positive financial updates were not enough to offset broader market sentiment or potential profit-taking by investors.
• The market may have reacted negatively to details in the Q2 earnings call transcript or other undisclosed factors that overshadowed the positive news about revenue growth and strategic partnerships.
• Investors might be concerned about future challenges or uncertainties facing the company, leading to a sell-off despite the positive financial performance in the recent quarter.

01.07.2024 - MGM Stock was down 5.1%

• MGM China reported its best-ever June quarter, indicating a strong performance in the region. However, despite the positive news, the stock saw a bearish movement.
• The strong second-quarter results and revenue beat posted by MGM Resorts International were overshadowed by other market factors, leading to the bearish movement.
• The release of unaudited financials and updates on the parent company's Q2 report did not seem to have a positive impact on the stock price, contributing to the bearish market movement.
• The overall market sentiment or external factors not directly related to MGM's performance might have influenced the bearish movement despite the positive news coming from MGM China and the parent company.

07.07.2024 - MGM Stock was up 6.2%

• Director Paul Salem's significant acquisition of shares in MGM Resorts International may have boosted investor confidence in the company's future prospects.
• The launch of MGM Bonus City in Michigan in partnership with Inspired Entertainment could have generated excitement and positive sentiment around the company's expansion in the online gaming market.
• Despite concerns raised about bookings for a Formula 1 car race in Las Vegas impacting the stock negatively, MGM Resorts International managed to surpass earnings and revenue estimates for the second quarter, driven by strong performances in MGM China, Las Vegas, and strategic partnerships, which likely contributed to the bullish movement in the stock today.

21.01.2025 - MGM Stock was down 5.1%

• Short interest in MGM Resorts International has decreased by 4.26%, suggesting a potential lack of confidence among investors.
• There are 15.12 million shares sold short, accounting for 6.75% of all regular shares available for trading, possibly indicating concerns about the company's performance.
• The decline in short interest may hint at a changing market sentiment towards MGM, potentially influenced by recent events or financial metrics.

13.01.2025 - MGM Stock was up 17.6%

• MGM Resorts International (MGM) witnessed a strong bullish movement in the market recently.
• The upward trend was supported by the company's fourth-quarter earnings and revenue surpassing expectations, driven by impressive performances from MGM China and regional operations.
• Investor confidence was likely boosted by the positive outlook for the company, with expectations for BetMGM to achieve profitability by 2025, leading to an increase in the stock price.
• Despite some concerns about consumer stocks, MGM's strong performance and future prospects seemed to outweigh any industry-wide worries, driving the stock's upward trajectory.

13.01.2025 - MGM Stock was up 12.3%

• MGM Resorts International exceeded earnings and revenue estimates for Q4, indicating robust financial performance.
• The company's BetMGM segment is expected to become profitable in 2025, enhancing investor confidence in future growth prospects.
• Despite prior suggestions to potentially sell the stock in February, MGM's positive earnings surprise and growth outlook likely attracted optimistic sentiment.
• The broader market's recovery from a significant selloff, combined with MGM's strong financial results, may have contributed to the stock's bullish movement today.