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Research reports on Melco Resorts, MGM, Norwegian Cruise Line and Penn National

Shares in Nevada-based MGM Resorts International rose slightly by 0.81%, ending yesterday's session at $36.28.
2018-03-20
Reading time 2:40 min
A firm that produces regular sponsored and non-sponsored reports has released a series of research reports on companies belonging to the gambling industry, including Melco Resorts & Entertainment, MGM Resorts International, Norwegian Cruise Line Holdings, and Penn National Gaming.

All of these reports by WallStEquities.com can be accessed by signing up to www.wallstequities.com/registration.

Relevant information includes:

Melco Resorts & Entertainment

Hong Kong-based Melco Resorts & Entertainment Ltd's stock finished Monday's session 0.98% lower at $27.18 with a total trading volume of 1.22 million shares. In the previous three months and over the past year, the Company's shares have advanced 2.41% and 46.52%, respectively. The stock is trading above its 200-day moving average by 10.10%. Moreover, shares of Melco Resorts, which through its subsidiaries, develops, owns, and operates casino gaming and entertainment casino resort facilities in Asia, have a Relative Strength Index (RSI) of 44.67.

On February 26th, 2018, research firm CLSA initiated an 'Outperform' rating on the Company's stock.

MGM Resorts International

Shares in Nevada-based MGM Resorts International rose slightly by 0.81%, ending yesterday's session at $36.28. A total volume of 12.57 million shares was traded, which was above their three months average volume of 7.67 million shares. The stock has gained 3.66% in the past month, 10.51% in the previous three months, and 31.54% over the past year. The Company's shares are trading 3.06% above their 50-day moving average and 9.88% above their 200-day moving average. Moreover, shares of MGM Resorts, which through its wholly owned subsidiaries, owns and/or operates casino resorts in the US and China, have an RSI of 57.85.

On March 14th, 2018, research firm Telsey Advisory Group initiated a 'Market Perform' rating on the Company's stock, with a target price of $39 per share.

On March 15th, 2018, the non-profit MGM Resorts Foundation, which collects and distributes monies and assets donated by employees of MGM Resorts, announced that it is gearing up for the 12th annual Women's Leadership Conference on August 27th, 2018, and August 28th, 2018 at the MGM Grand Hotel & Casino in Las Vegas, Nevada. The mission of the two-day event is to provide attendees, the developmental tools they need to continuously advance their lives and careers.

Norwegian Cruise Line Holdings

On Monday, Florida headquartered Norwegian Cruise Line Holdings Ltd's stock declined 1.25%, to close the day at $55.42. A total volume of 1.53 million shares was traded. The Company's shares have advanced 4.94% in the previous three months and 8.01% over the past year. The stock is trading 0.68% below its 200-day moving average. Additionally, shares of the Company, which through its subsidiaries, provides cruise experiences for travelers with various itineraries in North America, the Mediterranean, the Baltic, Central America, Bermuda, and the Caribbean, have an RSI of 41.84.

On March 07th, 2018, Norwegian Cruise Line unveiled the design of the new and dedicated Norwegian Cruise Line terminal at PortMiami. Pending the final approval by the Miami-Dade County Board of County Commissioners, the project will commence in May 2018, and is scheduled for completion by the fall of 2019, as Norwegian Encore, the newest ship of the Breakaway Plus class, makes her debut in Miami with seasonal cruises to the Caribbean.

Penn National Gaming

Pennsylvania-based Shares in Penn National Gaming Inc. ended the day 0.98% lower at $26.40. A total volume of 969,827 shares was traded. The stock has gained 66.88% over the past year. The Company's shares are trading above their 200-day moving average by 4.76%. Furthermore, shares of the Company have an RSI of 40.06.

On February 28th, 2018, Penn National Gaming (PENN) announced that it will hold a special meeting of shareholders on March 29th, 2018, in connection with the Company's pending acquisition of Pinnacle Entertainment, Inc. The PENN meeting will take place at 11:00 a.m. ET. The Company has set February 27th, 2018 as the record date for the special meeting, which will be held at 825 Berkshire Boulevard, Suite 200, Wyomissing, Pennsylvania 19160.

On March 14th, 2018, research firm Telsey Advisory Group initiated an 'Outperform' rating on the Company's stock, with a target price of $33 per share.

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