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MGM Resorts International (MGM)

NYSE - Nasdaq Real Time Price. Currency in USD
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39.19+0.43 (+1.11%)
At close: 4:00PM EDT
39.19 0.00 (0.00%)
Pre-Market: 04:05AM EDT
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Trade prices are not sourced from all markets
Previous Close38.76
Bid0.00 x 1800
Ask0.00 x 1400
Day's Range37.99 - 39.19
52 Week Range14.76 - 45.34
Avg. Volume6,529,619
Market Cap19.224B
Beta (5Y Monthly)2.45
PE Ratio (TTM)N/A
EPS (TTM)-4.36
Earnings DateAug. 04, 2021
Forward Dividend & Yield0.01 (0.03%)
Ex-Dividend DateJun. 09, 2021
1y Target Est44.78
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    MGM Resorts Is Betting Big on Las Vegas

    MGM Resorts (NYSE: MGM) has quietly made a very big bet on the future of the Las Vegas Strip, and it could determine the stock's performance long term. Not only did MGM recently agree to acquire the half of CityCenter that it didn't own for $2.125 billion, but it also agreed to sell CityCenter's real estate for $3.89 billion to funds managed by Blackstone (NYSE: BX). The move to acquire a key asset and monetize its real estate sounds smart on the surface, but it's adding more leverage to MGM's business.