MGM Resorts International (MGM) has garnered considerable attention from
investment firms and analysts, showcasing bullish sentiment buoyed by strong performance and earnings. Prominent investor
Ken Fisher has expressed his bullish stance on MGM while, amid market underperformance, the stock witnessed a rise.
Gabelli Funds LLC has reduced its stake in MGM as have Ameritas Investment Partners and Toronto Dominion Bank.
Vanguard Group Inc. also trimmed its holdings. Alternatively, investment interest rose from entities like
Avantax Advisory Services Inc. and
Kingsview Wealth Management LLC. MGM has announced the
pricing and closing of a $750,000,000 in Senior Notes due 2032, potentially indicating financial stability. They've also made significant strides in
corporate responsibility and social impact, reflected in their 2023 Sustainability report. Modelling bullish disposition, MGM's Q1 2024 Earnings surpassed analyst revenue forecasts while also achieving record revenues in China and Las Vegas. MGM displayed considerable resilience amid cyberattack issues and other challenges. They reached a historic labor deal with Las Vegas unions, further bolstering their operations while contributing towards responsible gaming. Despite some stocks sold off, MGM managed to outperform competitors while embarking on promising partnerships and ambitious growth strategies.
Mgm Resorts International MGM News Analytics from Wed, 08 Nov 2023 08:00:00 GMT to Sun, 28 Jul 2024 15:09:30 GMT -
Rating 8
- Innovation 5
- Information 7
- Rumor 5
