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MGM

MGM Resorts

$35.79

-0.98 (-2.67%)

16:17
03/13/18
03/13
16:17
03/13/18
16:17

MGM Resorts to repurchase 10M shares of common stock from Tracinda

MGM Resorts announced that it will purchase 10M shares of its common stock from Tracinda Corporation at $36.24 per share, a 1.5% discount to the market closing price on March 9, for a total aggregate amount of $362.4M. Following the purchase, Tracinda will own approximately 27.2M shares, or 4.8% of the company's outstanding common stock. The repurchase is expected to occur on March 15, and will be made pursuant to the terms of the company's $1B stock repurchase program, of which $310.1M will remain following the transaction. As of March 8, there were approximately 566.7M shares of the company's common stock outstanding.

MGM MGM Resorts
$35.79

-0.98 (-2.67%)

03/08/18
STFL
03/08/18
NO CHANGE
STFL
Stifel returns from Macau trip with 'much more positive' view for 2018
Stifel analyst Steven Wieczynski said that after meeting with property managements and industry contacts in Macau recently he came back with a "much more positive/constructive view for 2018" than he was previously forecasting. It was clear that operators were "thrilled" with how the Chinese New Year holiday played out and demand post-CNY had continued to be strong, especially on the VIP side, Wieczynski tells investors. He maintains his Buy rating on Las Vegas Sands (LVS) and Hold ratings on MGM Resorts (MGM) and Wynn Resorts (WYNN). Melco Resorts (MLCO) is another publicly traded company in the Macau gaming space.
01/18/18
JEFF
01/18/18
INITIATION
Target $43
JEFF
Buy
MGM Resorts initiated with a Buy at Jefferies
Jefferies analyst David Katz started MGM Resorts (MGM) with a Buy rating and $43 price target. The analyst says the Cotai opening in the near term and positive capital deployment trump concerns over challenging Las Vegas comparisons. Katz initiated 11 Gaming names after today's close, naming Wynn Resorts (WYNN), Eldorado Resorts (ERI) and Penn National (PENN) his top picks.
01/16/18
MSCO
01/16/18
NO CHANGE
MSCO
Morgan Stanley raises 2018 Macau gaming revenue growth forecast to 16%
Morgan Stanley analyst Thomas Allen raised his 2018 Macau gaming revenue growth forecast to 16% from 11%, noting that Q4 revenue growth of 20% topped his expectation for growth of 15% and he sees an opportunity for "lower tier" Chinese cities to support faster growth. Among casino names, Allen names Wynn Resorts (WYNN) as his top pick in U.S. Gaming and Lodging, calling MGM Resorts (MGM) his next favorite stock in the space. Other publicly traded companies in the Macau gaming space include Las Vegas Sands (LVS) and Melco Resorts (MLCO).
01/09/18
JPMS
01/09/18
NO CHANGE
Target $44
JPMS
Overweight
JPMorgan calls MGM 'best absolute value' in gaming for 2018
MGM Resorts offers the gaming sector's most attractive risk/reward for 2018, JPMorgan analyst Joseph Greff tells investors in a research note. Following stock rallies in the sector last year, MGM is now the "best absolute value play," the analyst adds. He views expectations as reasonable and upped his price target for the stock to $44 from $41. Greff keeps an Overweight rating on MGM Resorts.

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BSX

Boston Scientific

$37.75

-0.12 (-0.32%)

11:38
03/21/19
03/21
11:38
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11:38
Conference/Events
Boston Scientific management to meet with UBS »

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ORHOF

Origin House

$0.00

(0.00%)

, ACB

Aurora Cannabis

$9.60

-0.2 (-2.04%)

11:38
03/21/19
03/21
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11:38
On The Fly
Rising High: An exclusive talk with cannabis brands company Origin House »

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ACB

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$9.60

-0.2 (-2.04%)

APHA

Aphria

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Cronos Group

$20.67

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CGC

Canopy Growth

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TLRY

Tilray

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IGC

India Globalization Capital

$2.02

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ORTFD

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MLCPF

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MedMen

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ELLXF

Elixinol Global

$0.00

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PLNHF

Planet 13 Holdings

$0.00

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KHRNF

Khiron Life Sciences

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LHSIF

Liberty Health Sciences

$0.00

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FB

Facebook

$164.56

-0.91 (-0.55%)

11:37
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11:37
Hot Stocks
Facebook says issues fixed after finding user passwords readable by employees »

Facebook's VP…

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11:36
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General news
8-Week Bill Auction Total Amount data reported »

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11:36
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General news
4-Week Bill Auction Total Amount data reported »

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11:35
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General news
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SRC

Spirit Realty

$37.60

0.54 (1.46%)

11:31
03/21/19
03/21
11:31
03/21/19
11:31
Conference/Events
Spirit Realty management to meet with Mizuho »

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WFC

Wells Fargo

$49.32

-1.07 (-2.12%)

, GS

Goldman Sachs

$193.30

-0.97 (-0.50%)

11:27
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03/21
11:27
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11:27
Periodicals
Wells Fargo in talks to hire former Goldman co-COO as its CEO, NY Post reports »

Wells Fargo (WFC) is in…

WFC

Wells Fargo

$49.32

-1.07 (-2.12%)

GS

Goldman Sachs

$193.30

-0.97 (-0.50%)

03/08/13
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FB

Facebook

$165.28

-0.19 (-0.11%)

11:26
03/21/19
03/21
11:26
03/21/19
11:26
Periodicals
Facebook stored user passwords in plain text for years, KrebsOnSecurity says »

Hundreds of millions of…

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WDC

Western Digital

$50.60

3.43 (7.27%)

11:25
03/21/19
03/21
11:25
03/21/19
11:25
Options
Western Digital call volume above normal and directionally bullish »

Bullish option flow…

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11:25
03/21/19
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11:25
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11:25
General news
Treasury Action: the yield curve is a big topic of conversation »

Treasury Action: the…

11:25
03/21/19
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11:25
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11:25
Conference/Events
JPMorgan medtech analyst to hold a group luncheon »

Medtech Analyst Marcus…

PEB

Pebblebrook Hotel

$32.07

0.34 (1.07%)

11:21
03/21/19
03/21
11:21
03/21/19
11:21
Conference/Events
Pebblebrook Hotel management to meet with RBC Capital »

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BIIB

Biogen

$230.10

-90.37 (-28.20%)

11:21
03/21/19
03/21
11:21
03/21/19
11:21
Downgrade
Biogen rating change  »

Biogen downgraded to Hold…

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AGCO

Agco

$68.12

0.15 (0.22%)

11:20
03/21/19
03/21
11:20
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11:20
Conference/Events
Agco management to meet with RBC Capital »

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IEX

IDEX Corp.

$150.73

2.31 (1.56%)

11:19
03/21/19
03/21
11:19
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11:19
Conference/Events
IDEX Corp. management to meet with RBC Capital »

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ITGR

Integer

$85.72

0.28 (0.33%)

11:18
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Conference/Events
Integer management to meet with RBC Capital »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

11:17
03/21/19
03/21
11:17
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11:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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EB

Eventbrite

$20.84

0.75 (3.73%)

11:16
03/21/19
03/21
11:16
03/21/19
11:16
Conference/Events
Eventbrite management to meet with RBC Capital »

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  • 21

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$NYE

NYSE Market Internals

$0.00

(0.00%)

11:16
03/21/19
03/21
11:16
03/21/19
11:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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RCL

Royal Caribbean

$116.64

0.55 (0.47%)

11:15
03/21/19
03/21
11:15
03/21/19
11:15
Options
Royal Caribbean put volume heavy and directionally bearish »

Bearish flow noted in…

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11:15
03/21/19
03/21
11:15
03/21/19
11:15
General news
7-Yr Note Announcement CUSIP Number data reported »

7-Yr Note Announcement…

11:15
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General news
7-Yr Note Announcement Offering Amount data reported »

7-Yr Note Announcement…

11:15
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General news
Breaking General news story  »

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General news
Breaking General news story  »

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