MGM Resorts (MGM) Worth Watching: Stock Rises 8.5% - Tale of the Tape


MGM Resorts International ( MGM ) 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 Earnings ESP is positive.

Investors interested in the gaming industry may also consider stocks like Caesars Acquisition Company ( CACQ ), Melco Crown Entertainment Limited ( MPEL ) and Multimedia Games Holding Company, Inc. ( MGAM ). While CACQ sports a Zacks Rank #1 (Strong Buy), MPEL and MGAM hold the same Zacks Rank as MGM Resorts.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: CACQ , MGAM , MGM , MPEL

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As of 4/24/2015, 04:15 PM

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