MGM Resorts International 

MGM:NYSE

LastChange / % ChangeDividend YieldVolumeAvg Volume (10 day)
12.48 0.00   0.00%0.00%9,969,47312.7M

Market data is delayed by at least 20 minutes.
Previous close 2/27/2013
 
 
 

Latest News Headlines for MGM Resorts International

MGM Resorts International Fails to Respond: Down 5.4% Since Last Week's Upgrade
1 days 15 hours 30 minutes ago - Financial News Network Online - News Corner
A week ago, RBC Capital upgraded MGM Resorts International from Sector Perform to Outperform. The shares closed at $12.19, or 5.4% under the $12.88 price of one week ago. In the past 52 weeks, shares of MGM Resorts International have traded between a low of $8.83 and a high of $14.80 and are now at $12.21, which is 38% above that low price. The 200-day and 50-day moving averages have moved 0.03% lower and 0.68% higher over the past week, respectively.
Potential MGM Mirage (MGM) Trade Has $10.80 Breakeven
1 days 17 hours 18 minutes ago - Freshbrewedmedia
MGM MIRAGE (NYSE: MGM) closed Monday's trading session at $12.19. 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 $11.72 and resistance in the $13.00 range. Technical indicators for the stock are Bearish 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 $12.00 covered call for a net debit in the $10.80 area. That is also the break-even stock price for this trade. This covered call has a duration of 207 days, provides 11.40% downside protection and an assigned return rate of 11.11% for an annualized return rate of 19.59% (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 $8.00 call and selling the Sep '13 $12.00 call for a total debit of $3.16. The trade has a lifespan of 207 days and would provide 8.45% downside protection and an assigned return rate of 26.58% for an annualized return rate of 47% (for comparison purposes only). MGM Mirage (MGM) has a current trailing average dividend yield of 0%.
Buyers Accumulate Shares of MGM Resorts International, Up 2.3%
2 days 14 hours 20 minutes ago - Financial News Network Online - Market Movers
MGM Resorts International (NYSE:MGM) is one of today's biggest movers, up 2.3% to $12.71. The Dow Jones Industrial Average is now trading fractionally higher to 14,009 and the S&P; is trading fractionally higher to 1,517.
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More Filings

Latest Annual and Quarterly SEC Filings

10-K
February 29, 2012
This report contains detailed information about the company's business finances and management.
10-Q
November 9, 2012
Quarterly reports contain financial statement, a discussion from management and a list of company events (stock splits, acquisitions, etc.)
 
 
 
Company Background
MGM Resorts International is a holding company. The Company is a hospitality company. Its primary business is the ownership and operation of casino resorts, which includes offering gaming, hotel, convention, dining, entertainment, retail and other resort amenities. Its operations are conducted through the Company's wholly owned subsidiaries. The Company has two segments that are based on the regions, in which it operates: wholly owned domestic resorts and MGM China. As of December 31, 2011, the Company operated 15 wholly owned resorts in the United States. As of December 31, 2011, Tracinda Corporation owned approximately 23% interest in the Company. On June 3, 2011, the Company acquired an additional 1% interest and obtained a controlling interest in MGM China Holdings Limited (MGM China) and thereby became the indirect owner of 51% of MGM China. MGM China's operations consist of the MGM Macau resort and casino.

Bid/Size
-- / --
Ask/Size
-- / --
Price Open
12.17
Previous Close
12.48
Day High
12.50
Day Low
12.1599
52wk High/Date
14.80 / 3/27/2012
52wk Low/Date
8.83 / 8/2/2012
% off 52wk High
-15.68%
% off 52wk Low
41.34%
Beta (5 Yr)
3.7
Market Capitalization
6.1B
Shares Outstanding
489.2M
Volatility Avg
35.32
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 2/27/2013 4:00 PM ET
 
 
 

MGM MGM Resorts International vs. Peers

Peers 
MGM
MGM Resorts International
4.04%
Wynn Resorts, Limited
2.68%
Boyd Gaming Corporation
-2.11%
Pinnacle Entertainment, Inc
-12.95%
Archon Corporation
8.11%
MGM
MGM Resorts International
0.00%
Wynn Resorts, Limited
3.46%
Boyd Gaming Corporation
--
Pinnacle Entertainment, Inc
--
Archon Corporation
--
MGM
MGM Resorts International
0.00%
Wynn Resorts, Limited
0.00%
Boyd Gaming Corporation
0.00%
Pinnacle Entertainment, Inc
0.00%
Archon Corporation
0.00%
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