đź“ť usncan Note: What Next For MGM Stock?
Disclaimer: This content has been prepared based on currently trending topics to increase your awareness.
MGM Resorts International (NYSE:MGM) stock hit day 7 of a continuous streak of days with losses, with cumulative losses over this period amounting to a -9.4% return. MGM provides casino, hotel, and entertainment resorts across the United States and Macau, with a portfolio of 29 destination gaming offerings as of February 2021.
LAS VEGAS, NV – AUGUST 16: General views of the MGM Grand Las Vegas Hotel & Casino on August 16, 2020 in Las Vegas, Nevada. (Photo by AaronP/Bauer-Griffin/GC Images)
GC Images
Although there haven’t been too many stock specific developments over the past week, MGM has witnessed some softness in its Las Vegas business over the most recent quarter, due to room remodel impacts at the MGM Grand as well as weaker table game hold. That said, this has been partly offset by a stronger international business and a growing digital segment.
The company has lost about $926 million in value over the last 7 days, with its current market capitalization at about $9.8 billion. The stock remains 3.8% above its value at the end of 2024. This compares with year-to-date returns of 11.1% for the S&P 500.
So is this drop a warning sign or a setup for rebound? Deep dive with Buy or Sell MGM.
The following table summarizes the return for MGM stock vs. the S&P 500 index over different periods, including the current streak:
What is the point? Sustained weakness can be more than noise. It often signals shifting sentiment or deeper concerns. A multi-day losing streak may warn of further downside, or present an opportunity to buy if fundamentals are intact. Take a look at what history tells you about whether past dips like this have been buying opportunities or traps: MGM Dip Buyer Analysis.
Key Financials for MGM Resorts International (MGM)
The losing streak MGM stock is currently on doesn’t inspire much confidence among investors. In contrast, the Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming its benchmark that includes all 3 – the S&P 500, S&P mid-cap, and Russell 2000 indices. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.
