MGM Resorts International’s recent filing unveils that its CHIEF FINANCIAL OFFICER Halkyard Jonathan S acquired Company’s shares for reported $0.32 million on Mar 06 ’25. In the deal valued at $32.17 per share,10,000 shares were bought. As a result of this transaction, Halkyard Jonathan S now holds 75,648 shares worth roughly $2.25 million.
Then, Meinert Todd sold 6,000 shares, generating $227,041 in total proceeds. Upon selling the shares at $37.84, the SVP & Chief Accounting Officer now owns 18,301 shares.
Before that, Meister Keith A. sold 51,000 shares. MGM Resorts International shares valued at $1,865,070 were divested by the Director at a price of $36.57 per share. As a result of the transaction, Meister Keith A. now holds 5,687,478 shares, worth roughly $168.97 million.
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 jump 0.30% to $29.71. Over the last five days, the stock has gained 15.20%. MGM Resorts International shares have fallen nearly -14.26% since the year began. Nevertheless, the stocks have fallen -30.06% over the past one year. While a 52-week high of $47.26 was reached on 02/14/25, a 52-week low of $25.30 was recorded on 04/08/25. SMA at 50 days reached $32.61, while 200 days put it at $36.63.
Levels Of Support And Resistance For MGM Stock
The 24-hour chart illustrates a support level at 29.40, which if violated will result in even more drops to 29.09. On the upside, there is a resistance level at 30.09. A further resistance level may holdings at 30.47. The Relative Strength Index (RSI) on the 14-day chart is 47.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.52, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.97%. Stochastics %K at 59.22% indicates the stock is a holding.
How much short interest is there in MGM Resorts International?
A steep rise in short interest was recorded in MGM Resorts International stocks on 2025-03-31, dropping by -0.38 million shares to a total of 16.86 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 17.24 million shares. There was a decline of -2.28%, which implies that there is a negative sentiment for the stock.
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.
