Trade Flow Analysis for MGM Resorts International

Posted on 02/06/2013 by Jane Lacave

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NEW YORK (AVAFIN) -- Block trades serve as a useful indicator for investors trying to understand the sentiment of large financial institutions. Today, a total of 31 block trades were recorded, typically at least 10,000 shares of stock or more represent a single block unit. Further examination shows that the bought value of the shares was $15,514,427 versus the sold value of $9,280,528. The positive cash flow of $6,233,898 into the stock shows that investors have bullish sentiment.

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Options traders were busy as well, a total of 5,828 call and 28,681 put contracts were traded yesterday yielding a 4.92 put/call ratio.

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

Shares of MGM Resorts International rose $0.02 (+0.15%) to $12.99 in today's trading session. The price of MGM ranged between $12.76 - $13.02. Volume is 10M in relation to the three month average volume of 10M shares. MGM is trading above the 50 day moving average and higher than the 200 day moving average. The stock's 52 week low is $8.83 and 52 week high is $14.94. Performance indicators show that the stock has gained 2.77% within the last week.


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