MGM Sues Victims
Metro-Goldwyn-Mayer has reached a new low, by suing the victims of the Las Vegas shooting. This comes as an attempt to restrict their liability in this situation. In the shooting, 58 people were killed, and over 500 more were injured. In defense of MGM, over two-thousand people are threating to sue the media conglomerate, so the company needed to take some action to defend themselves.
MGM's Stochastic Oscillator stays in oversold zone for 5 days
The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an uptrend is expected.
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Notable companies
The most notable companies in this group are Las Vegas Sands Corp (NYSE:LVS), MGM Resorts International (NYSE:MGM), Wynn Resorts Limited (NASDAQ:WYNN), Melco Resorts & Entertainment Limited (NASDAQ:MLCO).
Industry description
Casinos/Gaming includes companies that operate casinos, gaming services, horse racing and harness racing facilities. Think Las Vegas Sands Corp., MGM Resorts International and Wynn Resorts, Ltd. In periods of strong economic growth, consumers tend to spend on discretionary/leisure activities like gambling or games; but consumption is likely to slow down when there’s economic sluggishness.
Market Cap
The average market capitalization across the Casinos/Gaming Industry is 5.69B. The market cap for tickers in the group ranges from 152.98K to 38.96B. LVS holds the highest valuation in this group at 38.96B. The lowest valued company is ROBK at 152.98K.
High and low price notable news
The average weekly price growth across all stocks in the Casinos/Gaming Industry was -0%. For the same Industry, the average monthly price growth was 3%, and the average quarterly price growth was -7%. AGTEF experienced the highest price growth at 29%, while TABCF experienced the biggest fall at -17%.
Volume
The average weekly volume growth across all stocks in the Casinos/Gaming Industry was 1%. For the same stocks of the Industry, the average monthly volume growth was -40% and the average quarterly volume growth was -3%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 50
P/E Growth Rating: 64
Price Growth Rating: 60
SMR Rating: 70
Profit Risk Rating: 83
Seasonality Score: -11 (-100 ... +100)