MGM shares have pulled back modestly over the last 30 days, declining about 1.3% from $47.51 to $46.88, reflecting a period of consolidation. The stock remains up roughly 27.5% over the past quarter, driven by a powerful rally in late May that pushed prices from the mid-$30s to above $43.
Vail Resorts reported fiscal 2026 third-quarter net income of $314.4 million, down from $389.7 million a year earlier. Resort Reported EBITDA totaled $586.4 million versus $647.7 million in the prior-year period.
Over the past month, Wynn’s share price has been shaped by a combination of analyst actions, expansion-related news, and shifting industry dynamics. The stock reached a 52-week high in early December, supported by positive premarket activity and renewed optimism across consumer-facing sectors.
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Wynn Resorts (WYNN, $112.76) has recently entered a monthly bullish trend, indicating potential growth opportunities for traders and investors. Based on previous market analysis, there is a high probability of an uptrend continuation, with a potential growth rate of 4% or more to reach $117.27 or higher within the next month.
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Penn National Gaming reported third-quarter earnings that fell short of analysts’ expectations. The operator of casinos and racetracks posted third-quarter earnings of 52 cents a share, compared 93 cents a share a year ago. Analysts polled by FactSet expected 85 cents. Revenue rose +33.8% from the year-ago quarter to $1.51 billion, in line with the FactSet consensus. Allegations surfaced...
Penn National Gaming shares got a buy rating from a Needham analyst who initiated coverage of the online gambling company on Tuesday.
Analyst Bernie McTernanat set a $151 price target on the shares.The analyst said that the risk-reward balance was compelling.
Needham views the North America gambling market as an emerging $35 billion opportunity.
The analyst also cited the company’s launch of iGaming/sports betting platform in 10 states.
Argus estimates loss of -$2.70 a share this year for Wynn, compared to prior forecast of -$2.80.Argus boosted outlook on its 2022 profit to $2 a share from $1.85.
Staszak said that Wynn will have adequate cash to operate until the end of 3Q21 even amid modest revenue.
Wynn Resorts announced a public offering of 5.5 million shares. The casino operator said that it will use the funds for general purposes. The offering is valued at as much as $643.4 million. Deutsche Bank, Goldman Sachs and Bank of America are lead bookrunning managers for the offering. Wynn plans to grant the underwriters the options to buy an additional 825,000 shares to cover...
Penn National Gaming got price target boost from Truist analyst.
Truist analyst Barry Jonas hiked his price target on shares of the casino company to $62 from $50.In 37 of 48 cases where PENN's MACD histogram became positive, the price rose further within the following month.
Casino operator Penn National Gaming’s shares got downgraded to sell from hold, at Deutsche Bank.
Although Deutsche lifted its price target (citing "the margin profiles of regional gaming operators will be stronger post the pandemic." ) on Penn National to $22 a share from $12, the new target still represents an almost -40% potential downside from the stock's Friday closing price.
The investment bank also mentioned that Penn will face a challenge when it comes to improving its margins over its peers , since "prior margin disciplines and higher-than-peer blended gaming taxes” have compelled Penn, over time, to be “leaner than most", according to the bank.
PENN enters an Uptrend because Momentum Indicator exceeded the 0 level on May 15, 2020
This indicator signals that PENN's price has momentum to move higher, since its current price moved above its price 14 days ago.
MGM Resorts International warned of a nearly -30% year-over-year decline in its first-quarter revenue, as a result of coronavirus crisis-induced shutdown.
The Casino and hotel operator mentioned in a regulatory filing that its preliminary anticipation for first-quarter consolidated revenue was $2.3 billion – which represents a -29% drop from the year-ago quarter’s figure.It is also behind FactSet consensus estimate of $2.48 billion.
Net revenue at the Las Vegas Strip resorts is expected to come in at $1.1 billion, which is -21% lower from the year ago.
Casino operator Wynn Resorts (Nasdaq: WYNN) is set to report third quarter earnings results on November 6 and the stock will be looking to break out of a downward trend with the results.
The stock has been trending lower since peaking in April and if we connect the high from April and July, we get a downward sloped trend line that is currently just below $130.It would take a pretty big drop to get the stock back down to this area after the earnings report, but that could happen over the course of the coming weeks.
You can attribute the decline in the stock price to the fundamentals of the company.
Vail Resorts reported fiscal 2019 fourth-quarter earnings and revenue that surpassed analysts’ expectations.
The ski-resort operator reported a loss of -$2.22 a share for the quarter, narrower than the Street's estimate of a -$2.53 loss.
The company’s revenue of $244 million also came in higher than analysts' $240.1 million forecast.
Looking ahead, Vail predicts that its fiscal full-year 2020 earnings before interest, taxes, depreciation and amortization would range between $778 million and $818 million.
CEO Rob Katz emphasized that there had been strong growth in visitation and spending compared to the prior year.Katz mentioned that Vail’s results throughout fiscal 2019 reflect the growth and stability resulting from its season pass, tailwinds from its geographic diversification, and the success of its data-driven marketing efforts.
Las Vegas Sands shares are climbing Monday, on rating upgrade by Deutsche Bank.
Analysts at Deutsche Bank boosted the casino/resort company’s stock to buy from hold.
They also hiked their price target to $70 from $69 – which represents a potential upside of 25% from the stock's closing price on Friday.
Analyst Carlo Santarelli emphasized that Las Vegas Sands currently has a favorable entry point, owing to the largely bearish sentiment towards the Macau gaming market amidst geopolitical headwinds
According to the analyst, Las Vegas Sands has to a large extent priced in the Macau-induced headwinds.
Santarelli belives that the Macau gaming authority will soon release gross gaming receipts that would reveal a positive trend, which turn should propel a turnaround in investor sentiment on Macau.
Even with the group as a whole underperforming, Penn National Gaming (Nasdaq: PENN) has performed worse than its peers.The stock is down over 20% in the past six months while the S&P is up just over 5% during the same time period.
Looking at the daily chart we see that there is a trend channel that has formed over the last six months and it defines the cyclical moves within the overall downward trend.