MGM Resorts International - Daily Trading Update

Posted on 12/27/2012 by Edward Connelly

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NEW YORK (AVAFIN) -- A total of 27 block trades were executed during the market session, typically at least 10,000 shares or more represent a single block unit. Block trading activity shows that $3,585,340 worth of shares were bought and $1,549,614 worth of shares were sold by institutional investors. The positive net cash flow of $2,035,725 into the stock shows that investment houses have positive outlook for shares of MGM Resorts International.

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On the derivative side, a total of 14,441 put and 4,379 call contracts exchanged hands yesterday leading to a 3.30 put/call ratio.

MGM Resorts International (MGM) opened today at $11.62 and is currently trading at $11.71, up $0.12 (+1.04%) during last trading session. Performance indicators show that the stock has gained 8.52% within the last quarter. The daily low is $11.47 and the high is $11.80. The trading volume of 5M is below the average volume of 10M shares.

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MGM Resorts International is a holding company, which through its wholly-owned subsidiaries, owns and/or operates casino resorts.


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