MGM Resorts International (MGM) retreated with the stock falling -1.75% or $-0.51 to close at $28.65 on active trading volume of 9.17M compared its three months average trading volume of 7.05M. The Las Vegas Nevada 89109 based company operating under the Resorts & Casinos industry has been trending up for the last 52 weeks, with the shares price now 49.61% up for the period and down by -0.62% so far this year. With price target of $34.67 and a 65.22% rebound from 52-week low, MGM Resorts International has plenty of upside potential, making it a hold with a view buy.
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.
NVIDIA Corporation (NVDA) had a active trading with around 21.25M shares changing hands compared to its three month average trading volume of 18.14M. The stock traded between $106.29 and $110.15 before closing at the price of $108.78 with 0.37% change on the day. The Santa Clara California 95050 based company is currently trading 322.08% above its 52 week low of $27.22 and -10.04% below its 52 week high of $120.92. Both the RSI indicator and target price of and $103.5 respectively, lead us to believe that it could rise over the coming weeks.
NVIDIA Corporation operates as a visual computing company worldwide. It operates in two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for deep learning, accelerated computing, and general purpose computing; and GRID for cloud-based streaming on gaming devices. The Tegra Processor segment provides processors that integrate a computer onto a single chip under the Tegra brand name; DRIVE automotive computers, which offer supercomputing capabilities; and tablet and portable devices for mobile gaming under the SHIELD name. The company’s products are used in gaming, professional visualization, datacenter, and automotive markets. It sells its products primarily to original equipment manufacturers, original design manufacturers, system builders, motherboard manufacturers, add-in board manufacturers, and retailers/distributors. The company has a collaboration with ZENRIN to develop a cloud-to-car HD map solution for self-driving cars. NVIDIA Corporation was founded in 1993 and is headquartered in Santa Clara, California.
Realty Income Corporation (O) saw its value decrease by -1.36% as the stock dropped $-0.84 to finish the day at a closing price of $60.78. The stock was lighter in trading and has fluctuated between $52.72-$72.3 per share for the past year. The shares, which traded within a range of $60.23 to $61.59 during the day, are up by 12.96% in the past three months and down by -8.78% over the past six months. It is currently trading 1.62% above its 20 day moving average and 5.25% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $61.07 a share over the next twelve months. The current relative strength index (RSI) reading is 61.44.The technical indicator lead us to believe there will be no major movement any time soon, hold.
Realty Income Corporation is a publicly traded real estate investment trust. It invests in the real estate markets of the United States. The firm makes investments in commercial real estate. Realty Income Corporation was founded in 1969 and is based in Escondido, California.