MGM Resorts International (MGM): Today's Featured Services Winner
(
) pushed the Services sector higher today making it today's featured services winner. The sector as a whole closed the day up 0.5%. By the end of trading, MGM Resorts International rose $0.46 (3.0%) to $15.72 on average volume. Throughout the day, 9,869,691 shares of MGM Resorts International exchanged hands as compared to its average daily volume of 10,421,200 shares. The stock ranged in a price between $15.23-$15.80 after having opened the day at $15.32 as compared to the previous trading day's close of $15.26. Other companies within the Services sector that increased today were:
(
), up 25.9%,
Frozen Food Express Industries
(
), up 21.2%,
(
), up 16.9% and
(
), up 14.8%.
MGM Resorts International, through its wholly owned subsidiaries, owns and/or operates casino resorts. The company operates in two segments, Wholly Owned Domestic Resorts and MGM China. Its resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. MGM Resorts International has a market cap of $7.5 billion and is part of the leisure industry. Shares are up 31.1% year to date as of the close of trading on Friday. Currently there are 10 analysts that rate MGM Resorts International a buy, no analysts rate it a sell, and 8 rate it a hold.
TheStreet Ratings rates MGM Resorts International as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and increase in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and generally higher debt management risk.
- You can view the full MGM Resorts International Ratings Report.
On the negative front,
Birks & Mayors
(
BMJ
), down 13.4%,
(
), down 8.0%,
(
), down 7.6% and
(
), down 5.9% , were all laggards within the services sector with
(
) being today's services sector laggard.
- Use our services section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the services sector could consider
iShares Dow Jones US Cons Services
(
) while those bearish on the services sector could consider
ProShares Ultra Short Consumer Sers
(
).
- Find other investment ideas from our top rated ETFs lists.
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