MGM Resorts Lower AFter Q4 Miss

MGM Resorts

shares are trading lower by $1.30 at $18.77 in Thursday's session. The issue is deep in the red after reporting a Q4 miss of $0.08 along with a $600M revenue miss. After a brief attempt to hold Wednesday's low ($19.27), peaking at $19.42 off the open, it swooned to $18.19 before staging a rebound. That filled a void in price $18.23-$18.50_ that was created when the issue gapped higher off Tuesday's open and never came back down. Before the report, the issue was coming off a two and one half year low that was made on February 9 at $16.18.