Amalgamated Bank sold down its holding in MGM Resorts International (MGM), offloading 24,747 shares. The resort's stock had underperformed when compared to competitors. Speculations around the possible sale of the Springfield property also made the rounds. MGM shares surged by 6.3%, and the Q1 2024 earnings call was positively reviewed. Analysts began seeing the company as a promising investment opportunity. In terms of social responsibility, MGM released its 2023 Social Impact and Sustainability Report and IAC now controls 20% of the firm's equity. Savant Capital LLC recently purchased 4,583 shares in the brand and $750,000,000 in senior notes were priced. The Q1 2024 earnings surpassed analysts' revenue predictions, and the results beat earlier earnings expectations. Mizuho updated MGM's price target to $62.00. The company continues to maintain a strong presence with listings on the respected CDP A-List. MGM reported record results all through the year 2023 and Q1 2024. This included massive revenue of $4.83 billion in the first quarter of 2024. The lawsuit against the FTC highlighted yet another essential development for the business. MGM has been focusing on international casino expansion. The corporation has been recognized for creating an inclusive workplace and has successfully avoided a strike in Las Vegas. Reports of a cyber attack led to a system-wide computer shutdown. However, the iGaming and sports betting brand continue to expand successfully. Major Sarno has recently met with MGM's CEO and president, Bill Hornbuckle.
Mgm Resorts International MGM News Analytics from Mon, 17 Jul 2023 07:00:00 GMT to Fri, 10 May 2024 10:28:33 GMT -
Rating 7
- Innovation 5
- Rumor -4
