NYSE:MGMHospitality
MGM Resorts (MGM): Reassessing Valuation After Technical Breakout and Improving Global Entertainment Outlook
MGM Resorts International (MGM) just caught investors attention, jumping about 14% on the XETRA exchange as traders reacted to a clean technical breakout and improving sentiment around global entertainment demand.
See our latest analysis for MGM Resorts International.
Zooming out, that breakout sits on top of a steady grind higher, with a roughly 10% 1 month share price return and a modestly positive year to date move. However, the 1 year total shareholder return is still slightly negative,...