MGM Resorts International Stock Falls On Unusually High Volume (MGM)
MGM Resorts International (NYSE:MGM) is trading at unusually high volume Thursday with 21.1 million shares changing hands. It is currently at two times its average daily volume and trading down 28 cents (-2.2%).
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- MGM Resorts International (NYSE: MGM) is trading at unusually high volume Thursday with 21.1 million shares changing hands. It is currently at two times its average daily volume and trading down 28 cents (-2.2%) at $12.60 as of 3:01 p.m. ET.
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MGM Resorts International has a market cap of $6.34 billion and is part of the services sector and leisure industry. Shares are up 10.7% year to date as of the close of trading on Wednesday. MGM Resorts International, through its subsidiaries, owns and operates casino resorts. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. TheStreet Ratings rates MGM Resorts International as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, generally high debt management risk and feeble growth in its earnings per share. You can view the full MGM Resorts International Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade.