Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. MGM Resorts International shares valued at $321,700 were purchased by Halkyard Jonathan S on Mar 06 ’25. At $32.17 per share, Halkyard Jonathan S acquired 10,000 shares. The insider’s holdings grew to 75,648 shares worth approximately $2.38 million following the completion of this transaction.
Also, Meinert Todd sold 6,000 shares, netting a total of over 227,041 in proceeds. Following the sale of shares at $37.84 each, the insider now holds 18,301 shares.
Before that, Meister Keith A. had sold 51,000 shares from its account. In a trade valued at $1,865,070, the Director traded MGM Resorts International shares for $36.57 each. Upon closing the transaction, the insider’s holdings decreased to 51,000 shares, worth approximately $178.7 million.
As published in a research note from Argus on February 14, 2025, MGM Resorts International [MGM] has been rated up from a Hold to a Buy and the price target has been revised to $50. Analysts at BTIG Research downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early February. As of July 03, 2024, BTIG Research has initiated its “Buy” rating for MGM. Earlier on May 02, 2024, Susquehanna upgraded its rating. Their new recommendation was “a Positive” for MGM stock which previously was a “a Neutral”.
Analyzing MGM Stock Performance
During the last five days, there has been a surge of approximately 10.40%. Over the course of the year, MGM Resorts International shares have dropped approximately -9.32%. Shares of the company reached a 52-week high of $41.32 on 02/14/25 and a 52-week low of $25.30 on 04/08/25. A 50-day SMA is recorded $32.06, while a 200-day SMA reached $36.23.
Support And Resistance Levels for MGM Resorts International (MGM)
According to the 24-hour chart, there is a support level at 30.74, which, if violated, would cause prices to drop to 30.06. In the upper region, resistance lies at 31.83. The next price resistance is at 32.25. RSI (Relative Strength Index) is 55.69 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.89, which suggests the price will increase in the coming days. Percent R is at 12.94%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
