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MGM Resorts Revises $1.25 Billion Stock Buyback Plan

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MGM Resorts Revises $1.25 Billion Stock Buyback Plan

MGM Resorts (NYSE: MGM) announced it was revising its $1.25 billion share repurchase program after disappointing third-quarter results and the coronavirus outbreak combined to send the casino operator's stock plunging.

Shares are down 25% over the past month and are off 30% year to date, causing MGM to look at the opportunity to buy up shares at a significant discount.

Image source: Getty Images.

Source Fool.com

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