MGM Resorts International (NYSE: MGM) stock suffered a major decline of -13.2% on 8/1/24. The shares closed at $37.29. Moreover, exceptionally high trading volume at 536% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -12.1% during the last week.
Current PriceTarget Research Rating
MGM’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
MGM Resorts has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. MGM Resorts has a neutral Appreciation Score of 42 and a neutral Power Rating of 50, with the Low Neutral Value Trend Rating the result.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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