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Why MGM Resorts Stock Is Up Today

TheMotleyFool

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Shares of MGM Resorts International (NYSE: MGM) were trading up as much as 8% on Tuesday after the resort and casino operator was upgraded to outperform by a Wall Street analyst. MGM has a lot of moving parts right now, but the analyst believes the company is heading in the right direction.

MGM and most other resort operators had a difficult time during the pandemic, but as business has returned, the company has gone on the offensive. It has announced four transactions in recent months, including a $1.6 billion deal to acquire the Cosmopolitan resort in Las Vegas from Blackstone.

Image source: Getty Images.

Source Fool.com

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