{"id":133728,"date":"2020-04-22T10:33:26","date_gmt":"2020-04-22T17:33:26","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=133728"},"modified":"2020-04-22T12:02:33","modified_gmt":"2020-04-22T19:02:33","slug":"mgm-is-one-of-the-most-volatile-sp-500-stocks-this-year","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/mgm-is-one-of-the-most-volatile-sp-500-stocks-this-year\/","title":{"rendered":"MGM Investors on Roller Coaster Ride, Stock Among Most Volatile Since February Top"},"content":{"rendered":"

Like every other name in the gaming industry, MGM Resorts International (NYSE:MGM) stock is being punished as the coronavirus forced the closure of all domestic casinos. But there’s more to the story.<\/p>\n

\"MGM
Data confirms that for MGM investors, it’s been anything but a smooth ride this year. (Image: Yahoo News)<\/figcaption><\/figure>\n

Compounding MGM investor woes is the turbulence associated with the stock’s epic decline \u2013 one that’s seen the name shed nearly 58 percent of its value since the Feb. 19 broader market top. In fact, the Bellagio operator’s stock is among the most volatile US equities over that period.<\/p>\n

Schaeffer’s Investment Research examined the returns and volatility profiles of stocks since the Feb. 19 S&P 500 high, discovering that as measured by standard deviation \u2013 a commonly used gauge of the breadth of a security’s price gyrations \u2013 MGM is one of the most turbulent<\/a> names over the past two months.<\/p>\n

Not surprisingly, travel stocks and oil stocks are most prominent; two sectors with the most uncertainty lately,\u201d according to the research firm. \u201cStocks tend to fall fast and rise slowly, so it\u2019s not surprising the entire list is comprised of big-time underperformers.\u201d<\/p><\/blockquote>\n

Schaeffer’s notes that since Feb. 19, the S&P 500’s standard deviation is 4.6 percent, but MGM’s is more than double that at 11.5 percent<\/strong>.<\/p>\n

Rough Stretch<\/h2>\n

MGM isn’t an exception in the gaming space. It’s part of a broader trend that’s seeing analysts and investors express concern over what is becoming an extended zero-revenue environment, operators’ cash positions, their ability to service debt, and what the industry is going to look like when the coronavirus situation fades.<\/p>\n

\n

Specific to the Mirage operator’s decline this year, negative catalysts include credit rating downgrades<\/a> and related warnings, a scuttled share repurchase plan, multiple high-level executive departures, and, at various points throughout 2020, unusually high levels of short interest<\/a> in the stock.<\/p>\n<\/div>\n

On Schaeffer’s list of the 20 most volatile S&P 500 members since Feb. 19, there are six travel and leisure names. But MGM is the only gaming stock in that group.<\/p>\n

While the stock is subjecting investors to a bumpy ride, insiders, including board members and high-ranking executives, remain undeterred<\/a>, having gobbled roughly $27 million worth of shares over the past several weeks.<\/p>\n

Interesting Tidbits<\/h2>\n

Schaeffer’s also published a list of the best and worst-performing S&P 500 names since Feb. 19. Not surprisingly, no gaming stocks are on the positive list. But the group of the 16 worst offenders doesn’t include any casino operators or related companies either. Five of those 16 are travel and leisure companies \u2013 three cruise operators and two airlines.<\/p>\n

The research firm also included groupings of most up and down trading days since Feb. 19, as ranked by percentages. No gaming firm made either list.<\/p>\n

It’s important to note the Schaeffer’s research pertains only to S&P 500 members. The index weights companies by market value and, as such, just three gaming stocks \u2013 Las Vegas Sands (NYSE:LVS), Wynn Resorts (NASDAQ:MGM) and MGM \u2013 are part of the benchmark.<\/strong><\/p>\n

The trio combines for just 0.12% of the index’s weight.<\/p>\n","protected":false},"excerpt":{"rendered":"

Like every other name in the gaming industry, MGM Resorts International (NYSE:MGM) stock is being punished as the coronavirus forced the closure of all domestic casinos. But there’s more to the story. Compounding MGM investor woes is the turbulence associated with the stock’s epic decline \u2013 one that’s seen the name shed nearly 58 percent […]<\/p>\n","protected":false},"author":46,"featured_media":133730,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10],"tags":[],"acf":[],"yoast_head":"\nMGM Is One of the Most Volatile S&P 500 Stocks This Year<\/title>\n<meta name=\"description\" content=\"MGM Resorts stock is getting killed this year because of the coronavirus, but it's also one of the most volatile names on Wall Street.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MGM Is One of the Most Volatile S&P 500 Stocks This Year\" \/>\n<meta property=\"og:description\" content=\"MGM Resorts stock is getting killed this year because of the coronavirus, but it's also one of the most volatile names on Wall Street.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/mgm-is-one-of-the-most-volatile-sp-500-stocks-this-year\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-22T17:33:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-22T19:02:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/04\/rc.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"803\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/mgm-is-one-of-the-most-volatile-sp-500-stocks-this-year\/\",\"url\":\"https:\/\/www.casino.org\/news\/mgm-is-one-of-the-most-volatile-sp-500-stocks-this-year\/\",\"name\":\"MGM Is One of the Most Volatile S&P 500 Stocks This Year\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/mgm-is-one-of-the-most-volatile-sp-500-stocks-this-year\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/mgm-is-one-of-the-most-volatile-sp-500-stocks-this-year\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/04\/rc.jpg\",\"datePublished\":\"2020-04-22T17:33:26+00:00\",\"dateModified\":\"2020-04-22T19:02:33+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"MGM Resorts stock is getting killed this year because of the coronavirus, but it's also one of the most volatile names on Wall Street.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/mgm-is-one-of-the-most-volatile-sp-500-stocks-this-year\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/mgm-is-one-of-the-most-volatile-sp-500-stocks-this-year\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/mgm-is-one-of-the-most-volatile-sp-500-stocks-this-year\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/04\/rc.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/04\/rc.jpg\",\"width\":1280,\"height\":803,\"caption\":\"Data confirm that for MGM investors, it's been anything but a smooth ride this year. (Image: Yahoo News)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/mgm-is-one-of-the-most-volatile-sp-500-stocks-this-year\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Financial\",\"item\":\"https:\/\/www.casino.org\/news\/financial\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"MGM Investors on Roller Coaster Ride, Stock Among Most Volatile Since February Top\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\",\"name\":\"Todd Shriber\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png\",\"caption\":\"Todd Shriber\"},\"description\":\"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.\",\"sameAs\":[\"https:\/\/muckrack.com\/todd-shriber\",\"https:\/\/www.linkedin.com\/in\/toddshriber\/\",\"https:\/\/x.com\/etfgodfather\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/todd-shriber\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"MGM Is One of the Most Volatile S&P 500 Stocks This Year","description":"MGM Resorts stock is getting killed this year because of the coronavirus, but it's also one of the most volatile names on Wall Street.","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"MGM Is One of the Most Volatile S&P 500 Stocks This Year","og_description":"MGM Resorts stock is getting killed this year because of the coronavirus, but it's also one of the most volatile names on Wall Street.","og_url":"https:\/\/www.casino.org\/news\/mgm-is-one-of-the-most-volatile-sp-500-stocks-this-year\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2020-04-22T17:33:26+00:00","article_modified_time":"2020-04-22T19:02:33+00:00","og_image":[{"width":1280,"height":803,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/04\/rc.jpg","type":"image\/jpeg"}],"author":"Todd Shriber","twitter_card":"summary_large_image","twitter_creator":"@etfgodfather","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Todd Shriber","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/mgm-is-one-of-the-most-volatile-sp-500-stocks-this-year\/","url":"https:\/\/www.casino.org\/news\/mgm-is-one-of-the-most-volatile-sp-500-stocks-this-year\/","name":"MGM Is One of the Most Volatile S&P 500 Stocks This Year","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/mgm-is-one-of-the-most-volatile-sp-500-stocks-this-year\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/mgm-is-one-of-the-most-volatile-sp-500-stocks-this-year\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/04\/rc.jpg","datePublished":"2020-04-22T17:33:26+00:00","dateModified":"2020-04-22T19:02:33+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85"},"description":"MGM Resorts stock is getting killed this year because of the coronavirus, but it's also one of the most volatile names on Wall Street.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/mgm-is-one-of-the-most-volatile-sp-500-stocks-this-year\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/mgm-is-one-of-the-most-volatile-sp-500-stocks-this-year\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/mgm-is-one-of-the-most-volatile-sp-500-stocks-this-year\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/04\/rc.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/04\/rc.jpg","width":1280,"height":803,"caption":"Data confirm that for MGM investors, it's been anything but a smooth ride this year. (Image: Yahoo News)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/mgm-is-one-of-the-most-volatile-sp-500-stocks-this-year\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Financial","item":"https:\/\/www.casino.org\/news\/financial\/"},{"@type":"ListItem","position":3,"name":"MGM Investors on Roller Coaster Ride, Stock Among Most Volatile Since February Top"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85","name":"Todd Shriber","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-11-96x96.png","caption":"Todd Shriber"},"description":"Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org. Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long\/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019. Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com. He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better. Contact Todd at todd.shriber@casino.org.","sameAs":["https:\/\/muckrack.com\/todd-shriber","https:\/\/www.linkedin.com\/in\/toddshriber\/","https:\/\/x.com\/etfgodfather"],"url":"https:\/\/www.casino.org\/news\/author\/todd-shriber\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/133728"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/46"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=133728"}],"version-history":[{"count":0,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/133728\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/133730"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=133728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=133728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=133728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}