In a filing, MGM Resorts International revealed its SVP & Chief Accounting Officer Meinert Todd unloaded Company’s shares for reported $0.23 million on Feb 19 ’25. In the deal valued at $37.84 per share,6,000 shares were sold. As a result of this transaction, Meinert Todd now holds 18,301 shares worth roughly $0.65 million.
Then, Meister Keith A. sold 51,000 shares, generating $1,865,070 in total proceeds. Upon selling the shares at $36.57, the Director now owns 5,687,478 shares.
Before that, Corvex Management LP bought 51,000 shares. MGM Resorts International shares valued at $1,866,600 were divested by the Affiliate of Director (1) at a price of $36.60 per share.
Argus upgraded its MGM Resorts International [MGM] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including BTIG Research’s analysts, who decreased its forecast for the stock in early February from “a Buy” to “a Neutral”. BTIG Research began covering MGM with “Buy” recommendation on July 03, 2024. Susquehanna revised its rating on May 02, 2024. It rated MGM as “a Positive” which previously was an “a Neutral”.
Price Performance Review of MGM
On Tuesday, MGM Resorts International [NYSE:MGM] saw its stock fall -2.34% to $35.52. Over the last five days, the stock has lost -6.70%. MGM Resorts International shares have risen nearly 2.51% since the year began. Nevertheless, the stocks have fallen -16.29% over the past one year. While a 52-week high of $48.24 was reached on 02/14/25, a 52-week low of $31.61 was recorded on 01/13/25. SMA at 50 days reached $34.67, while 200 days put it at $38.31.
Levels Of Support And Resistance For MGM Stock
The 24-hour chart illustrates a support level at 34.94, which if violated will result in even more drops to 34.36. On the upside, there is a resistance level at 36.30. A further resistance level may holdings at 37.08. The Relative Strength Index (RSI) on the 14-day chart is 49.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.03%. Stochastics %K at 31.91% indicates the stock is a holding.
The most recent change occurred on April 15, 2024 when Seaport Research Partners began covering the stock and recommended ‘”a Buy”‘ rating along with a $56 price target.
