MGM Resorts International was up as much as 8% on Tuesday after an analyst upgraded the stock to outperform from neutral. The company is in a good position heading into the holiday season. MGM stock is up 9% recently rising to $48.94. During the height of the pandemic, many resorts struggled to recover. But as the business has started to return, MGM has made a string of acquisitions. It plans to acquire Cosmopolitan resort In Las Vegas for about $1.6 billion. The Cosmopolitan is a well-located hotel that will appeal to both the younger crowd and the older crowd. It’s a great addition to MGM’s existing properties in Las Vegas.
Biotech, Tech, and Crypto reporter
Anthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.