MGM Resorts International
MGM:NYSE
| Last | Change / % Change | Dividend Yield | Volume | Avg Volume (10 day) |
| 13.15 | 0.19 1.47% | 0.00% | 5,758,751 | 9.4M |
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Latest News Headlines for MGM Resorts International
Bottom 5 Companies in the Casinos & Gaming Industry with the Lowest Relative Performance (MGM, IGT, LVS, WYNN, SHFL)
Analysis was conducted on the Casinos & Gaming industry to measure relative performance to find stocks that have underperformed. Relative underperformance is a possible bearish sign of underlying fundamental and technical weakness should it continue for an extended period of time. We looked at yesterday's price action of all companies in this peer group and measured their performance against one another. MGM Resorts International (NYSE:MGM) ranks first with a loss of 1.37%; International Game Technology (NYSE:IGT) ranks second with a loss of 1.32%; and Las Vegas Sands (NYSE:LVS) ranks third with a loss of 0.42%.
MGM Mirage (MGM) Trading Near $12.94 Support Level
MGM MIRAGE (NYSE: MGM) closed Tuesday's trading session at $13.14. In the past year, the stock has hit a 52-week low of $8.83 and 52-week high of $14.80. MGM Mirage (MGM) stock has been showing support around $12.94 and resistance in the $13.40 range. Technical indicators for the stock are Bullish and S&P; gives MGM Mirage (MGM) a neutral 3 STARS (out of 5) hold rating. For a hedged play on MGM Mirage (MGM), look at the Sep '13 $13.00 covered call for a net debit in the $11.83 area. That is also the break-even stock price for this trade. This covered call has a duration of 178 days, provides 9.97% downside protection and an assigned return rate of 9.89% for an annualized return rate of 20.28% (for comparison purposes only). A lower-cost hedged play for MGM Mirage (MGM) would use a longer term call option in place of the covered call stock purchase. To use this strategy look at going long the MGM Mirage (MGM) Jan '14 $10.00 call and selling the Sep '13 $13.00 call for a total debit of $2.39. The trade has a lifespan of 178 days and would provide 5.71% downside protection and an assigned return rate of 25.52% for an annualized return rate of 52% (for comparison purposes only). MGM Mirage (MGM) has a current trailing average dividend yield of 0%.
Relatively Good Performance Detected in Shares of Boyd Gaming in the Casinos & Gaming Industry (BYD, MPEL, LVS, MGM, PNK)
View more recent headlinesWe looked at the Casinos & Gaming industry and measured relative performance to find the top stocks. Relative outperformance is a bullish sign of underlying fundamental and technical strength. We look at yesterday's price action of all companies in this peer group.
Company Background
MGM Resorts International is a holding company. The Company is a hospitality company. The Company's primary business is the ownership and operation of casino resorts, which includes offering gaming, hotel, convention, dining, entertainment, retail and other resort amenities. The Company operates in segments: wholly owned domestic resorts and MGM China. The Company operates 15 wholly owned resorts in the United States. MGM China's operations consist of the MGM Macau resort and casino (MGM Macau). The Company's casino resorts offer gaming, hotel, convention, dining, entertainment, retail and other resort amenities. All of its casino resorts operate 24 hours a day, every day of the year, with the exception of Grand Victoria which operates 22 hours a day, every day of the year. At its wholly owned domestic resorts, the Company's primary casino and hotel operations are owned and managed by the Company.
Bid/Size -- / -- | Ask/Size -- / -- |
Price Open 13.00 | Previous Close 12.96 |
Day High 13.20 | Day Low 13.00 |
52wk High/Date 14.65 / 3/28/2012 | 52wk Low/Date 8.83 / 8/2/2012 |
% off 52wk High -10.24% | % off 52wk Low 48.92% |
Beta (5 Yr) 3.7 | Market Capitalization 6.4B |
Shares Outstanding 489.3M | Volatility Avg 34.67 |
EPS(TTM) -3.61 | P/E Ratio Not Meaningful |
Dividend Announcement -- | Dividend Yield 0.00% |
Ex-Date -- | Date of Record -- |
Payable 0.00 - -- | Payable Date -- |
Last Trade as of 3/28/2013 4:00 PM ET | |
MGM MGM Resorts International vs. Peers
| Peers | |
|---|---|
MGM MGM Resorts International | 11.34% |
Wynn Resorts, Limited | 10.35% |
Boyd Gaming Corporation | 30.42% |
Pinnacle Entertainment, Inc | -5.18% |
MGM MGM Resorts International | 0.00% |
Wynn Resorts, Limited | 3.22% |
Boyd Gaming Corporation | -- |
Pinnacle Entertainment, Inc | -- |
MGM MGM Resorts International | 1.47% |
Wynn Resorts, Limited | 0.83% |
Boyd Gaming Corporation | -4.50% |
Pinnacle Entertainment, Inc | -2.60% |