MGM Resorts (MGM)
Consumer Discretionary · Casinos and Resorts · NYSE
A premier global hospitality and gaming company operating iconic destination resorts and digital entertainment platforms.
What MGM Resorts does
MGM Resorts International is a global entertainment company that owns and operates a portfolio of destination hotel and casino resorts, as well as digital gaming and sports betting platforms. The company's operations include casino gaming, hotel accommodations, dining, entertainment, and retail offerings, primarily in the United States and Macau. It also manages its digital interests through MGM Resorts' omnichannel gaming presence.
Themes: Gaming and casinos, Hospitality and leisure, Digital sports betting / iGaming, Tourism and travel
Fundamentals
- Price$30.01 as of 2026-10-08 close
- Market cap$7.6B as of 2026-07-27 (share count; price 2026-10-08)
- 1-year return-7.1% 2025-10-08 close $32.32 → 2026-10-08 close $30.01
- P/E18.37 as of 2026-10-08
- Net margin+1.2% FY2025, SEC XBRL
- ROE+8.5% FY2025, SEC XBRL
- Debt / equity2.50 as of 2026-09-03
- Revenue growth (YoY)+3.2% as of 2026-09-03
- Revenue CAGR (3y)+10.1% SEC XBRL
- Beta1.26 as of 2026-09-03
- Last reported earnings2026-07-29 SEC EDGAR Form 8-K (Item 2.02)
Dividend: yield +0.0%; 2-year non-decreasing per-share dividend streak (SEC XBRL).
How MGM compares in its sector
- price-to-earnings ratiomiddle range 258 covered Consumer Discretionary peers, as of 2026-10-08
- net profit marginmiddle range 314 covered Consumer Discretionary peers, as of 2026-09-03
- operating marginmiddle range 281 covered Consumer Discretionary peers, as of 2026-09-03
- return on equitymiddle range 293 covered Consumer Discretionary peers, as of 2026-09-03
- 3-year revenue CAGRtop 25% 326 covered Consumer Discretionary peers
- indicated dividend yieldbottom 10% 169 covered Consumer Discretionary peers, as of 2026-09-03
- free cash flow (absolute dollars, latest fiscal year)top 10% 311 covered Consumer Discretionary peers, as of FY2025
Position among covered Consumer Discretionary companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Top 10 scores & list membership
MGM is not currently in any published Top 10 list. Its scores are below.
Top 10 score
40.0 #1190 of 1,379 scored · #123 of 155 in Consumer Discretionary
Capital return 72nd (net share count bought back over the year 10.6, consecutive years of dividend increases 2 years) and valuation 52nd (price to book 3, price to earnings 18.4); weakest is trend (26th, a strong downtrend, with sellers in control).
Scores as of 8 Oct 2026. Each bar is a percentile: how this company ranked against every company the score ranked, 0–100. A list is a published formula and its output, not a recommendation. Method version 4.
Dividend coverage
Not assessed — last reported dividend predates the accounts. The most recent fiscal year in which MGM reported a dividend payment is FY2022, while its reported financial statements run through FY2025. Coverage is therefore not assessed for the latest year — an FY2022 ratio would not describe MGM today.
Coverage is derived from reported SEC EDGAR XBRL figures, comparing dividends paid against net income and free cash flow for the SAME fiscal year. It is not shown here because the latest fiscal year with a reported dividend payment (FY2022) is older than the latest year of reported financial statements (FY2025), so any ratio would describe an out-of-date year. Informational only — not financial advice.
How MGM Resorts looks technically
MGM Resorts (MGM) is trading 23.9% below its 200-day average, the long-term trend line — a long-term downtrend. Its 50-day average crossed above its 200-day average about 194 trading days ago — a "golden cross", a bullish long-term signal. A strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 57, with sellers in control. Momentum is beaten down — its 14-day RSI (a 0–100 momentum gauge) is 14, in oversold territory (below 30). It made a new 20-day low about 2 trading days ago. It is 2.8% above its 52-week low (its lowest price of the past year).
Trend
8
| Distance from the 200-day | it is trading 23.9% below its 200-day average, the long-term trend line — a long-term downtrend | -23.9% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $39.72 | $39.72 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $39.45 | $39.45 |
| Swing structure | each recent peak has been lower than the one before it and each dip deeper — the pattern chart-watchers call a downtrend, which describes where price has already been and not where it goes next | lower highs and lower lows |
| Last swing turn | its last significant turn was a swing low 49 calendar days ago — the swings before that are what the structure reading is measured on | 49 sessions |
| Wave structure | its recent swings can be read as a five-part downward sequence — what Elliott-wave chartists call an impulse — now in the fourth leg, a pullback against that downward direction; the labelling fails if price closes above 46.1426. It is the only labelling that fits, though not with textbook proportions, and it describes the swings already printed, not what comes next. | possible downward five-wave sequence, in wave 4 (atypical proportions) |
| Since the 50/200 cross | its 50-day average crossed above its 200-day average about 194 trading days ago — a "golden cross", a bullish long-term signal | 194 sessions |
| Trend strength (14-day ADX) | a strong downtrend is in place — ADX, a 0–100 trend-strength gauge, is 57, with sellers in control | 56.5 |
Momentum
3
| 14-day RSI | momentum is beaten down — its 14-day RSI (a 0–100 momentum gauge) is 14, in oversold territory (below 30) | 14.3 |
|---|---|---|
| Position in its 14-day range | it is trading right at the bottom of its 14-day range ($29.60 to $39.43) — its "stochastic" reading is 4 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been slipping within that range over the last few sessions. | 4.2 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, is in negative territory (momentum leaning bearish) | 60 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $51.56 | $51.56 |
|---|---|---|
| From the 52-week high | it is 41.8% below its 52-week high (its highest price of the past year) | -41.8% |
| Above the 52-week low | it is 2.8% above its 52-week low (its lowest price of the past year) | +2.8% |
| Below the 52-week high | it is 41.8% below its highest point of the past year | 41.8% |
| Since a 20-day breakout | it made a new 20-day low about 2 trading days ago | 2 sessions |
| Since a 55-day breakout | it made a new 55-day low about 2 trading days ago | 2 sessions |
| All-time high | its highest closing price on record is $100.50 (set on 2007-10-10) | $100.50 |
| Given back of the 52-week move | over the past year its closes ranged ($30.00 to $50.69), and it has recovered essentially none of its fall from last year’s high — 0% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $42.79 to $43.45. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 0.1% |
| From the all-time high | it is 70.1% below its all-time high | -70.1% |
| Nearest price level | it is sitting right on a resistance level at $30.11 — a price it turned at twice since 2025-03-13, most recently on 2025-05-01. Since 2024-10-08 it has 0 such levels below the current price and 15 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | +0.3% |
| All-time low | its lowest closing price on record is $1.81 (set on 2009-03-06) | $1.81 |
| Above the all-time low | it is 1558.0% above its all-time low | +1,558% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are unusually wide versus its own recent history (wider than about 93% of the past ~6 months) | 93rd percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $1.08 between its high and its low — about 3.6% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $1.08 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $26.72 and $42.41 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $26.72 – $34.57 – $42.41 |
| Typical daily range (% of price) | its price moves about 3.6% in a typical session — about typical for the companies we cover. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 3.6% |
| Stretch from the 200-day average | it is trading 8.7 daily ranges below its 200-day average price (23.9% below it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 8.7 daily ranges below its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 1.21× |
|---|
Analyst
2
| Change in the average price target | analysts' average price target is unchanged from the prior reading | 0.0% |
|---|---|---|
| Change in the consensus rating | the analyst consensus rating is unchanged since the prior reading | unchanged |
Candlestick patterns
2
| Since a doji | 2 sessions ago it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | 2 sessions ago |
|---|---|---|
| Since a hammer | 4 sessions ago, after a stretch of decline, it sold off hard during the session and then closed back near its high — a "hammer", the long lower wick showing the drop was bought back before the close | 4 sessions ago |
Price gaps
2
| Gap at the open | it opened on 2026-10-08 0.7% below the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close | -0.7% |
|---|---|---|
| Open gap | it gapped 10.5% below the previous close 10 sessions ago and has not traded back through the level it left behind at 37.85 — an "unfilled gap", which describes a price range no trade has since crossed and is not a forecast that it will be crossed | -10.5% |
Price streaks
1
| Closing streak | it closed higher in its latest session, after a session that did not close higher — a single up day rather than a run | 1 session up |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 27.4 percentage points (the stock lost 26.3% while the market gained 1.0%) | -27.4% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 39.4 percentage points (the stock lost 35.6% while the market gained 3.8%) | -39.4% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 37.6 percentage points (the stock lost 20.2% while the market gained 17.5%) | -37.6% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 22.1 percentage points (the stock lost 7.1% while the market gained 15.0%) | -22.1% |
Signal agreement
2
| Bullish technical signals | 3 of the 9 technical signals we can compute for it are currently in a bullish state: a "golden cross" — its 50-day average is above its 200-day, its RSI momentum gauge is oversold (a beaten-down reading), near the bottom of its 14-day range (oversold) — these describe past price behaviour, not a forecast | 3 of 9 |
|---|---|---|
| Bearish technical signals | 6 of the 9 technical signals we can compute for it are currently in a bearish state: trading below its 200-day average, a fresh 20-day low, MACD momentum is negative, a strong downtrend, with sellers in control, lagging the market over 6 months, trading below the Ichimoku cloud — these describe past price behaviour, not a forecast | 6 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 30% below the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-09-01 and projected forward over today's price, the side traders read as an established downtrend, with the band above acting as the level that would have to be cleared. The band itself is thick, spanning 8.5% of the share price, which is taken to mean a barrier that has held for a while and takes effort to cross. | -30.3% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 23% below the average price paid so far this year, so the typical buyer over that stretch is under water. That average is $38.86 — a volume-weighted average of daily closes over 190 sessions, not a true tick-by-tick VWAP. | -22.8% |
|---|---|---|
| Vs the average paid since it last reported | the price is 20% below the average price paid since it last reported on 2026-07-29 (its 10-Q), so the typical buyer over that stretch is under water. That average is $37.38 — a volume-weighted average of daily closes over 51 sessions, not a true tick-by-tick VWAP. | -19.7% |
Price levels it has turned at before
MGM last closed at $30.01 on 2026-10-08. Since 2024-10-08 it has turned at 0 prices below its last close and 15 above; the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $30.11 | Resistance | 0.3% above the last close | turned there twice · 2025-03-13 to 2025-05-01 |
| $30.61 | Resistance | 2.0% above the last close | turned there three times · 2025-05-23 to 2025-11-18 |
| $31.44 | Resistance | 4.8% above the last close | turned there three times · 2025-01-13 to 2025-10-13 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a five-part downward sequence — what Elliott-wave chartists call an impulse — now in leg 4 of five, a pullback against that direction.
This labelling fails — stops being a possible reading at all — if it closes above $46.14.
It is the only labelling that fits these swings, though its proportions are not the textbook ones.
On past moves of this shape the leg has usually ended somewhere between $44.46 and $46.14 — that is where it has tended to end if the count holds, not a forecast of where the price goes.
This labelling was already in place when we began recording count changes on 2026-08-13, so how long it has stood is not something we can say yet.
Read from daily closes as of 2026-10-08.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading below the 200-day moving average · Oversold (14-day RSI below 30) · Near the 52-week low · Pulled back from the 12-month high · Broke down to a new 20-day low · lagging the market | Learn: moving average · golden cross · adx · rsi · breakout · fifty two week high low
Based on daily closing prices as of 2026-10-08. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingBuy (2.39 mean, 1=Strong Buy…5=Strong Sell) — 19 analysts
- Mean price target$49.33 range $40.00 – $57.00; median $48.30
Analyst estimates, as of 2026-10-03. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for MGM
- Consensus EPS estimate$0.1895 next reporting period, as of 2026-10-03
- Estimate change, 30 days-$0.04285 (-18.4%) from $0.2324, on 2026-08-29, 35-day window
- Readings revised upward13% of 8 comparable readings
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Significant exposure to economic conditions affecting consumer discretionary spending and tourism.","High degree of regulation and licensing requirements in the gaming industry.","Substantial long-term debt and operating lease obligations."]
What changed in the latest 10-Q
AI-assisted comparison of MGM's 10-Q filed 2026-04-29 against the prior one filed 2025-10-29.
Management's Discussion & Analysis (MD&A)
- Added:
- Newer filing (2026-04-29) adds: 'In April 2026, we completed the sale of the operations of MGM Northfield Park for cash consideration of $546 million, subject to certain purchase price adjustments' and notes the transaction is now completed rather than pending.
- Newer filing adds specific note reference: 'Refer to Note 4 in the accompanying consolidated financial statements for discussion of this transaction.'
- Newer filing adds: 'At closing, the master lease between the Company and VICI was amended to remove MGM Northfield Park and to reflect a $53 million reduction in annual cash rent.' (removes conditional language about future amendment)
- Newer filing reports Q1 2026 financial results with net revenues of $4,454,718 thousand and operating income of $301,242 thousand.
- Newer filing adds explanations for operating income decrease: '$46 million increase in self insurance expense due to an increase in reserves' and comparison of business interruption insurance proceeds ($8 million in current quarter vs. $49 million in prior year quarter).
- Removed:
- Older filing (2025-10-29) includes: 'In the third quarter of 2025, the competitive and economic assumptions underpinning our return expectations on our investment in a commercial gaming facility changed, which led us to determine we would withdraw our application for a commercial gaming license for Empire City' with $256 million goodwill impairment and $93 million write-downs. This section is removed from newer filing.
- Older filing references audited consolidated financial statements for fiscal year ended December 31, 2024 in Form 10-K filed February 18, 2025. Newer filing updates this to fiscal year ended December 31, 2025 in Form 10-K filed February 11, 2026.
- Older filing states MGM Northfield Park sale 'is expected to close in the first half of 2026, subject to the receipt of regulatory approvals and other customary closing conditions.' Newer filing confirms completed transaction.
- Older filing states rent reduction is 'subject to a 2% escalator on May 1, 2026.' Newer filing does not include this conditional escalator language.
- Older filing includes reference to 'MGM China Holdings Limited together with its subsidiaries is referred to as "MGM China."' This explanatory sentence is removed from newer filing.
- Reworded:
- Older filing describes MGM Northfield Park as 'an agreement to sell' whereas newer filing states 'we completed the sale'—reflecting transition from pending to completed transaction.
- Lease amendment language changed from 'will be amended' (older, conditional future tense) to 'was amended' (newer, completed past tense).
- Notes:
- The older filing covers three months and nine months ended September 30, 2025; the newer filing covers three months ended March 31, 2026. These are different reporting periods with different operational contexts.
- The older filing's MD&A is truncated at the Las Vegas Strip Resorts section; full comparison of all sections is not possible.
- Empire City impairment discussion is material but appears in older filing's Q3 2025 results, not in newer filing's Q1 2026 results, consistent with different reporting periods.
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
No open-market insider purchases or sales recorded in the last 90 days, of which we have read Form 4 filings through 2026-10-04. The 5 days since 2026-10-04 have not been checked yet.
- Last 180 days · read to 2026-10-040 buys · 1 sell ($256587) — 1 selling insider
Most recent open-market transaction: 2026-05-22. Based on Form 4 filings read through 2026-10-04; anything filed since is not yet included.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about MGM's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
U.S. House trading disclosures
U.S. House members publicly disclose their own, their spouse's, and dependent children's stock transactions under the STOCK Act. We hold 1 matched disclosure for MGM from U.S. House Clerk Periodic Transaction Report filings.
U.S. House trading disclosures →Institutional ownership (13F)
5 institutional 13F filers reported holding MGM as of 2026-06-30 (quarter-end position, filed within 45 days).
- Distinct 13F filers 5
- Reported shares held 24,072,165
- Reported value $1,150,890,276
reported quarterly holdings change (2026-03-31 → 2026-06-30): 0 new, 3 increased, 2 decreased, 0 exited. Change counts cover only managers that filed 13F reports in BOTH quarters, derived between two quarter-end snapshots — not same-day trades; a single manager is never said to have "bought" or "sold".
Institutional holdings are quarter-end long positions reported on SEC Form 13F-HR, filed up to 45 days after the quarter ends — they are delayed, are not real-time trades, exclude short positions and most non-US securities, and are not investment advice. Any increase/decrease is a reported change between two quarterly snapshots, not a same-day purchase or sale. These are quarter-end snapshots from the 13F filings on SEC EDGAR, filed within 45 days — not real-time, and any change is a difference between two quarterly reports, not a same-day trade. Informational only — not financial advice.
Ask about MGM's institutional holders → See what each manager we track holds →
Short interest (FINRA)
MGM had 19,166,378 shares of reported short interest as of the 2026-09-15 FINRA settlement date (delayed, bi-monthly; not real-time).
MGM had 7.62% of its shares outstanding sold short as of the 2026-09-15 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 9.27 days to cover at the same settlement.
- Reported short interest (shares) 19,166,378
- Short interest (% of shares outstanding) 7.62%
- Prior settlement (shares) 18,883,170
- Reported change 1.5%
- Days to cover (reported) 9.27
Reported to FINRA as of the 2026-09-15 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Caesars Entertainment (CZR)
- Wynn Resorts (WYNN)
- Las Vegas Sands (LVS)
- Penn Entertainment (PENN)
- DraftKings (DKNG)
- Flutter Entertainment (FLUT)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
Compare MGM vs…
Frequently asked questions
What does MGM Resorts (MGM) do?
MGM Resorts International is a global entertainment company that owns and operates a portfolio of destination hotel and casino resorts, as well as digital gaming and sports betting platforms. The company's operations include casino gaming, hotel accommodations, dining, entertainment, and retail offerings, primarily in the United States and Macau. It also manages its digital interests through MGM Resorts' omnichannel gaming presence.
What sector is MGM Resorts (MGM) in?
MGM Resorts (MGM) is classified in the Consumer Discretionary sector. Its industry is Casinos and Resorts. It trades on NYSE.
Does MGM pay a dividend?
Yes — MGM Resorts (MGM) pays a dividend, with an indicated yield of about 0.02% and 2-year non-decreasing per-share dividend streak (SEC EDGAR XBRL) (market data, as of 2026-09-03). Informational only — not financial advice.
Who are MGM Resorts's (MGM) competitors?
Notable peers of MGM Resorts (MGM) include Caesars Entertainment, Wynn Resorts, Las Vegas Sands, Penn Entertainment and DraftKings. This peer set is informational only — not financial advice.
Has there been recent U.S. House stock trading in MGM?
Yes — we hold 1 matched STOCK Act disclosure for MGM from U.S. House Clerk Periodic Transaction Report filings. These are legally-required disclosures (often filed 30–45 days after the trade), may belong to a U.S. House member, their spouse, or a dependent child, and are not an indicator of company performance or investment advice.
Is MGM Resorts (MGM) overbought or oversold right now?
MGM Resorts (MGM) is currently in oversold territory (its 14-day RSI is 14, below 30) (as of 2026-10-08). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on MGM come from?
Fundamentals come from SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest; prices are market data, as of 2026-09-03; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-10-08.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.