A Closer Look At MGM Resorts International (MGM) and VICI Properties Inc. (VICI)

On Nov 15, Meister Keith A., Director bought 295,000 shares of MGM Resorts International (NYSE: MGM), with the average selling price of the stock being $31.21 per share. The total amount realized from this purchase $9,205,800. A document was filed with the Securities and Exchange Commission to notify the public about the purchase of the shares.

In addition to that, CHIEF FINANCIAL OFFICER – SANDERS COREY IAN exercised an option an extra 7,869 shares of this stock in a transaction that took place a day before, on Nov 14, with a share exercised an option at an average of $0.00 and a total of $0 was realized from this transaction. After the transaction, the CHIEF FINANCIAL OFFICER – SANDERS COREY IAN was left with 381,141 shares of the company’s stock, which is currently worth around $0.0.

The recent price movement of MGM means that it is now down by -2.30% from its 52-week high and 39.74% up against its 52-week low prices. Over the past one week, the price volatility of MGM stands at 1.00% while the volatility over the past one month is 0.99%. The beta score for this stock is 1.49. A beta score below 1 means that the stock has a low volatility while above 1 signifies that a stock is highly volatile at that particular moment, a data that traders use to keep tabs on their investments.

The company published its latest quarterly earnings, with the report showing that the company recorded -0.06 earnings per share (EPS) during that period. This report was below the expectations of analysts of 0.13 by -0.19. The revenue by the firm was 3.2B for the quarter.

The shares of MGM Resorts International (MGM) dropped by -0.60%, leading to a loss of -$0.2 per share, and saw MGM end the trading session at $33.09 on Wednesday 01/15/20. MGM started the trading session at $33.19, before reaching a daily high of $33.36. It wasn’t able to sustain that growth though and soon jumped to hit a daily low of $33.055.

The trading volume on Wednesday stood at 3358013, which was below the stock’s 3-month average volume of 4.25 million shares, out of a total 511.47M shares. As the price of the stock dipped, the market valuation of the company dropped to 17.16 billion.

The shares of VICI Properties Inc. (NYSE: VICI) went up by 2.00% by the end of the recent trading session. This movement saw its price surge to close at $25.98, which was higher than the previous closing price of $25.47. Over the past one week, the price of VICI has jumped by 3.51%, while it has recorded a gain of 6.78% over the past one month. Its three-month performance saw VICI gain 12.37% while its six-month performance saw it surge by 18.68%. The situation is different though over the past one year, as the stock price went up by 26.24%, while its year-to-date (YTD) price performance jumped by 1.68%. The stock price has gone up by +12.78% compared to its 90-day low, while it is down -0.61% compared to its 90-day high price.

Let’s take a look at its short, medium and long-term indicators. Composite Indicators shows that Trendspotter rated the stock as a Buy. In the short-term, the stock has a 20-day average volume of 3,266,250 shares, with the short-term indicators averagely rating the stock as a 100% Buy. A look at its medium-term indicators reveals that it has a 50-Day average volume of 4,163,028 shares and the indicators have an average rating of 100% Buy. The last indicators, the long-term see VICI stock with a 100-Day average volume of 4,129,468 shares, giving it an average rating of 100% Buy. A look at the general picture of all short, medium and long-term indicators leaves VICI with an average rating of 100% Buy.

Several brokerage firms sent out their reports VICI stock not long ago. In its report sent out on December 12, 2019, Citigroup lowered its ratings on VICI from a Neutral to a Buy. In an earlier report on August 26, 2019, Morgan Stanley Upgrade the stock from a Equal-Weight to a Overweight. Wells Fargo meanwhile in its report on July 01, 2019 Upgrade its rating of the stock from a “Outperform” to “Outperform”.

In a recent SEC filing, the company revealed that 346 institutions currently hold the VICI stock. In the last quarter, a 532,276,066 VICI shares were in the possession of institutions. On the other hand, the company recorded 43 new institutions who bought it their stock, while 64 institutions sold their entire VICI reserve. Of the current institutions investing in the stock, 178 increased their investment while 147 decreased their investment in the stock.