NEW YORK, August 26, 2016 /PRNewswire/ --
The Resorts and Casinos industry consists of companies that offer lodging services in facilities such as hotels and ski resorts, as well as standalone casinos or a combination of both resorts and casinos. Stocks in review on Stock-Callers.com today are: MGM Resorts International (NYSE: MGM), Carnival Corp. (NYSE: CCL), Las Vegas Sands Corp. (NYSE: LVS), and Wynn Resorts Ltd (NASDAQ: WYNN). Learn more about these stocks by accessing their free research reports at:
MGM Resorts Intl.
Las Vegas, Nevada-based MGM Resorts International's shares gained 0.47%, closing Thursday's trading session at $23.66. The stock recorded a trading volume of 4.54 million shares. Shares of the Company have advanced 5.11% in the previous three months and 4.14% since the start of this year. The stock is trading 7.72% above its 200-day moving average. Additionally, shares of MGM Resorts International, which through its wholly owned subsidiaries, owns and/or operates casino resorts in the US and China, have a Relative Strength Index (RSI) of 45.85.
On August 19th, 2016, MGM Resorts International announced that it has completed its previously announced issuance of $500,000,000 in aggregate principal amount of 4.625% senior notes due 2026, which were issued at par. The Company intends to use the net proceeds from the offering of the notes, together with cash on hand, to redeem its 7.625% senior notes due 2017. Free research report on MGM is available at:
On Thursday, shares in Miami, Florida headquartered Carnival Corp. recorded a trading volume of 2.75 million shares. The stock fell 0.21%, ending the day at $47.19. The Company's shares have advanced 2.63% in the last month. The stock is trading above its 50-day moving average by 3.09%. Furthermore, shares of Carnival, which operates as a leisure travel and cruise company in North America, Europe, Australia, and Asia, have an RSI of 61.35.
On August 16th, 2016, Carnival signed an addendum to one of its most strategic passenger terminal agreements, extending the contract through 2030 with an additional five years of sailings to and from Fort Lauderdale-based Port Everglades, one of the world's top three cruise ports. The addendum builds on the landmark 15-year agreement reached in 2010 with the Broward County Board of County Commissioners and furthers Carnival Corporation's commitment to Port Everglades, which overall has more than 3.6 million multi-day cruise passengers a year. The complimentary research report on CCL can be downloaded at:
Las Vegas Sands
Las Vegas, Nevada-based Las Vegas Sands Corp.'s stock finished the day 0.79% higher at $50.76 with a total trading volume of 3.62 million shares. The Company's shares have gained 1.14% in the last one month, 13.50% in the previous three months, and 19.17% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 6.13% and 11.62%, respectively. Additionally, shares of Las Vegas Sands, which together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the US, have an RSI of 54.68.
On July 26th, 2016, Sands China Ltd, the majority-held subsidiary of global integrated resort developer Las Vegas Sands, announced that its elegant French-themed property, The Parisian Macao, will open its doors on September 13th, 2016. The Parisian Macao brings Sands China's total Macao investment to more than US $13 billion (MOP 104 billion) to date.
On July 26th, 2016, research firm Telsey Advisory Group reiterated its 'Market Perform' rating on the Company's stock with an increase of the target price from $47 a share to $50 a share. Visit us today and access our complete research report on LVS at:
Shares in Las Vegas, Nevada-based Wynn Resorts Ltd ended yesterday's session 0.33% lower at $90.51. The stock recorded a trading volume of 2.76 million shares, which was above its three months average volume of 2.70 million shares. The Company's shares have advanced 33.03% since the start of this year. The stock is trading 9.57% above its 200-day moving average. Moreover, shares of Wynn Resorts, which together with its subsidiaries, develops, owns, and operates destination casino resorts, have an RSI of 37.82.
On July 29th, 2016, research firm Telsey Advisory Group reiterated its 'Outperform' rating on the Company's stock with an increase of the target price from $112 a share to $115 a share.
On August 23rd, 2016, Wynn Resorts announced the appointment of Jay L. Johnson to its Board of Directors, effective August 22nd, 2016. Admiral Johnson has been appointed as a Class II member of the Board (with a term expiring at the 2019 Annual Meeting). Admiral Johnson had a distinguished career in the U.S. Navy, retiring in July 2000. Following his distinguished 32-year military career, Admiral Johnson served in various senior executive roles at Dominion Resources Inc. Get free access to your research report on WYNN at:
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SOURCE Chelmsford Park SA