MGM Resorts International
) was a big mover last session with its shares rising nearly 9%
on the day. The move came on solid volume too with far more
shares changing hands than in a normal session. This breaks the
recent trend of the company as the stock is now trading way above
the volatile price range of $23.02 to $24.97 since April 7.
This operator of casino resorts has seen a mixed track record
when it comes to estimate revisions of 4 increases and 1 decrease
over the past 60 days. Meanwhile, the Zacks Consensus Estimate
has moved higher over the same period. This implies solid trading
potential for the company. So make sure to keep an eye on this
stock going forward to see if yesterday's rally can turn into
more strength down the road.
MGM Resorts currently holds a Zacks Rank #2 (Buy) while its
Investors interested in the gaming industry may also consider
Caesars Acquisition Company
Melco Crown Entertainment Limited
Multimedia Games Holding Company, Inc.
). While CACQ sports a Zacks Rank #1 (Strong Buy), MPEL and MGAM
hold the same Zacks Rank as MGM Resorts.
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