MGM Resorts International MGM shares are trading lower by $2.56 (9 percent) at $27.04 in Thursday's session.
Despite a Q4 EPS beat of $1.42 with inline sales, the issue is deep in the red. Even the initiation of a $0.11 dividend hasn't attracted many buyers to the issue.
After much lower open, MGM only managed a $0.02 bounce to $28.06, before continuing its mover lower. So far, the ensuing decline has taken the issue to $26.89, but now has rebounded back into the $27.00 handle. The current low coincides with its November 14 low of $26.77.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.