News headlines about MGM Resorts International (NYSE:MGM) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. MGM Resorts International earned a coverage optimism score of 0.11 on Accern’s scale. Accern also gave media stories about the company an impact score of 45.5768839053297 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Third Point Buys Netflix and MGM, Dumps Bank of America (finance.yahoo.com)
- MGM Cotai is now open, expecting huge crowds for Lunar New Year (gamingtoday.com)
- MGM Cotai opens doors to the public (casinocitytimes.com)
- MGM China CEO sees appeal of Cotai resort offsetting delayed opening (scmp.com)
- MGM Resorts' (MGM) Q4 Earnings to Reflect Top-Line Strength (finance.yahoo.com)
MGM has been the subject of several recent research reports. Nomura reduced their target price on shares of MGM Resorts International from $38.00 to $37.00 and set a “buy” rating on the stock in a report on Wednesday, November 1st. Roth Capital initiated coverage on shares of MGM Resorts International in a research note on Wednesday, October 25th. They issued a “buy” rating and a $38.00 target price for the company. Zacks Investment Research downgraded shares of MGM Resorts International from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. Jefferies Group began coverage on MGM Resorts International in a report on Thursday, January 18th. They set a “buy” rating and a $43.00 target price for the company. Finally, JPMorgan Chase & Co. restated an “overweight” rating and issued a $44.00 price target (up previously from $41.00) on shares of MGM Resorts International in a report on Tuesday, January 9th. Four equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. MGM Resorts International presently has a consensus rating of “Buy” and an average target price of $37.38.
In related news, Director Sean Charland purchased 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The stock was acquired at an average price of $22.50 per share, for a total transaction of $562,500.00. Also, insider Phyllis James sold 19,149 shares of the stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $33.64, for a total value of $644,172.36. Following the completion of the sale, the insider now directly owns 8,961 shares of the company’s stock, valued at $301,448.04. The disclosure for this sale can be found here. Company insiders own 12.20% of the company’s stock.
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About MGM Resorts International
MGM Resorts International is a holding company. The Company, through its subsidiaries, owns and operates casino resorts. The Company operates in two segments: domestic resorts and MGM China. Its domestic resorts segment consists of non-gaming operations, including hotel, food and beverage, entertainment and other non-gaming amenities.
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