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Stock’s Trend Analysis Report: MGM Resorts International (MGM), Verizon Communications Inc. (VZ), Ascena Retail Group, Inc. (ASNA)

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MGM Resorts International (MGM) climbed 1.58% during last trading as the stock added $0.46 to finish the day at $29.62 with about 11.88M shares changing hands, compared to its three month average trading volume of 7.02M. The $16.9B market cap company, which fluctuated between $28.72 and $29.92 during the day, currently situated 83.07% above its 52 week low of $16.18 and -3.27% away from its one year high of $30.62. The RSI of 56.81 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

MGM Resorts International, through its wholly owned subsidiaries, owns and/or operates casino resorts in the United States and China. The company operates through two segments, Wholly Owned Domestic Resorts and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. Its casino operations include various slots, table games, and race and sports book wagering. The company operates 12 wholly owned resorts in the United States; and MGM Macau resort and casino in China, as well as develops an integrated casino, hotel, and entertainment resort on the Cotai Strip, Macau. The company also owns and operates Shadow Creek golf course, Primm Valley Golf Club, and Fallen Oak golf course. The company serves premium gaming customers; leisure and wholesale travel customers; business travelers; and group customers, including conventions, trade associations, and small meetings. The company was formerly known as MGM MIRAGE and changed its name to MGM Resorts International in June 2010. MGM Resorts International was founded in 1986 and is based in Las Vegas, Nevada.

Verizon Communications Inc. (VZ) gained $0.08 to close the day at a new closing price of $52.76, a 0.15% increase in value from its previous closing price that moved the stock 25.72% above its 52 week low of $43.79. A total of 11.78M shares exchanged hands during the day compared with its three month average trading volume of 14.42M. The stock, which fluctuated between $52.02 and $53.16 during the day, currently situated -4.34% below its 52 week high. The stock is up by 4.29% in the past one month and up by 6.24% over the past three months. With a one year target estimate of $52.77 and RSI of 57.97, the stock still has upside potential, making it a hold for now.

Verizon Communications Inc., through its subsidiaries, provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. Its Wireless segment offers wireless voice and data services; messaging services; wireless Internet access services on notebook computers and tablets; multimedia access services; business-focused services; location-based services; global data services; home phone connect services; high-speed Internet service; and network access and value added services to support wireless connections for the Internet of Things (IoT). This segment also provides IoT services that support devices used in health monitoring, education, manufacturing, utilities, distribution, and consumer products markets, as well as offers wireless devices, including smartphones and basic phones, tablets, and other Internet access devices. As of December 31, 2015, it had 112.1 million retail connections. The company’s Wireline segment provides high-speed Internet, Fios Internet, and Fios video services; voice services, such as local exchange, regional and long distance calling, and voice messaging services, as well as VoIP services; network products and solutions comprising private Internet protocol (IP), public Internet, Ethernet, and optical networking services; IT infrastructure services, including collocation and managed hosting; cloud services, such as computing, storage, backup, recovery, and application platforms; and business communications services. This segment also offers IoT services; data security services; voice and data services; and data, voice, local dial tone, and broadband services primarily to local, long distance, and other carriers. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. Verizon Communications Inc. was founded in 1983 and is based in New York, New York.

Ascena Retail Group, Inc. (ASNA) had a light trading with around 11.37M shares changing hands compared to its three month average trading volume of 4.6M. The stock traded between $5.07 and $5.83 before closing at the price of $5.41 with -9.98% change on the day. The Mahwah New Jersey 07430 based company is currently trading 15.6% above its 52 week low of $4.68 and -51.95% below its 52 week high of $11.26. Both the RSI indicator and target price of 31.73 and $7.7 respectively, lead us to believe that it should be put on hold over the coming weeks.

Ascena Retail Group, Inc., through its subsidiaries, operates as a specialty retailer of apparel, shoes, and accessories for women and tween girls in the United States, Canada, and Puerto Rico. The company operates through six segments: ANN, Justice, Lane Bryant, maurices, dressbarn, and Catherines. It creates, designs, and develops a range of merchandise, including apparel, accessories, footwear, and intimates; lifestyle products comprising cosmetics, bedroom furnishings, and electronics; and wear-to-work, casual sportswear, footwear, and social occasion apparel. The company also offers casual clothing, career wear, dressy apparel, and active wear, as well as special occasion and classic apparel. Its principal brands comprise ANN TAYLOR, LOFT, ANN TAYLOR LOFT, LOU & GREY, JUSTICE, LANE BRYANT, LANE BRYANT OUTLET, CACIQUE, RIGHT FIT, MAURICES, DRESSBARN, CATHERINES, CATHERINES PLUS SIZES, MAGGIE BARNES, LIZ&ME, SERENADA, DRESSBAR, 6th & LANE, and MAURICES IN MOTION. As of July 30, 2016, the company operated approximately 4,900 stores. It also offers its products through its Websites, including anntaylor.com, LOFT.com, louandgrey.com, shopjustice.com, lanebryant.com, cacique.com, maurices.com, dressbarn.com, and catherines.com. The company was formerly known as Dress Barn, Inc. and changed its name to Ascena Retail Group, Inc. in January 2011. Ascena Retail Group, Inc. was founded in 1962 and is based in Mahwah, New Jersey.

 

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