MGM Resorts International, with a market cap of $10.2 billion, offers luxury hotels, casinos, entertainment, and dining experiences. The company is a large-cap stock with a growing digital presence in sports betting and online gaming.
Shares of MGM are trading below their 52-week high but have gained 4.9% in the past three months, outperforming the State Street Consumer Discretionary Select Sector SPDR ETF.
MGM has shown a bullish trend, trading above its moving averages since late November. However, its shares dipped 2.3% after reporting mixed Q3 results, with net revenues at MGM China driving a 2% year-over-year revenue increase.
Despite lagging behind Las Vegas Sands Corp., MGM has outperformed recently, leading analysts to be moderately optimistic about its future. The stock has a consensus rating of “Moderate Buy” with a mean price target suggesting a 12.4% premium.
Read more at Yahoo Finance: Is MGM Outperforming the Consumer Discretionary Sector?
