New insider activity at MGM Resorts ( (MGM) ) has taken place on March 8, 2025.
Jonathan Halkyard, the Executive Vice President and Chief Financial Officer of MGM Resorts, has made a significant investment by purchasing 10,000 shares of the company’s stock. This transaction is valued at $321,700, reflecting Halkyard’s confidence in the future prospects of MGM Resorts.
Recent Updates on MGM stock
MGM Resorts has experienced notable developments in the last 24 hours, with Morgan Stanley raising its price target due to positive trends in Las Vegas and stable regional performance, signaling a strong start to 2025. Additionally, Argus upgraded MGM to Buy, citing a record year for revenue and promising future demand, particularly in Las Vegas and sports betting. Despite these positive outlooks, there was a significant bearish options flow, with a high Put/Call ratio indicating some market caution. MGM’s BetMGM venture is expected to turn profitable, contributing to the optimistic forecasts.
More about MGM Resorts
YTD Price Performance: -6.00%
Average Trading Volume: 4,772,025
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $9.37B
Questions or Comments about the article? Write to editor@tipranks.com