MGM
MGM Resorts International Consumer Discretionary - Casinos Investor Relations →
MGM Resorts International (MGM) closed at $35.37 as of 2026-03-20, trading 6.4% below its 200-week moving average of $37.77. This places MGM in the deep value zone. The stock is currently moving closer to the line, down from -2.9% last week. The 14-week RSI sits at 45, indicating neutral momentum.
Trading volume is running at 1.5x of its 14-week average, which is in the normal range. The balance between buying and selling volume (1.07 ratio) is neutral — neither side is clearly dominating.
Over the past 1928 weeks of data, MGM has crossed below its 200-week moving average 32 times. On average, these episodes lasted 17 weeks. Historically, investors who bought MGM at the start of these episodes saw an average one-year return of +24.2%.
With a market cap of $9.7 billion, MGM is a mid-cap stock. The company generates a free cash flow yield of 4.9%. Return on equity stands at 14.9%. The stock trades at 3.8x book value.
The company has been aggressively buying back shares, reducing its share count by 31.9% over the past three years.
Over the past 33.2 years, a hypothetical investment of $100 in MGM would have grown to $560, compared to $2683 for the S&P 500. MGM has returned 5.3% annualized vs 10.4% for the index, underperforming the broader market over this period.
In the past 12 months, corporate insiders have made 1 open-market purchase totaling $39,884,552. Notably, these purchases occurred while MGM is trading below its 200-week moving average — insiders are buying when the market is most pessimistic.
Free cash flow has been growing at a 13.8% compound annual rate, with 4 consecutive years of positive cash generation. A business generating more cash every year while trading below its 200-week moving average is exactly the kind of disconnect value investors look for.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: MGM vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After MGM Crosses Below the Line?
Across 28 historical episodes, buying MGM when it crossed below its 200-week moving average produced an average return of +15.9% after 12 months (median +24.0%), compared to +12.2% for the S&P 500 over the same periods. 69% of those episodes were profitable after one year. After 24 months, the average return was +54.9% vs +36.2% for the index.
Each line shows $100 invested at the moment MGM crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
MGM has crossed below its 200-week MA 32 times with an average 1-year return of +24.2% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Apr 1989 | May 1989 | 4 | 0.9% | +23.8% | +1334.7% |
| Feb 1990 | Feb 1990 | 1 | 2.3% | -12.6% | +1070.0% |
| Apr 1990 | Apr 1990 | 2 | 1.7% | +8.7% | +1058.8% |
| Aug 1990 | Mar 1991 | 33 | 25.4% | -3.0% | +1117.3% |
| Jun 1991 | Oct 1991 | 15 | 9.3% | -2.9% | +1058.8% |
| Oct 1991 | Jun 1992 | 32 | 21.3% | +53.1% | +1155.3% |
| Jun 1992 | Jun 1992 | 1 | 1.8% | +152.5% | +1093.2% |
| Jul 1995 | Aug 1995 | 3 | 1.4% | +64.0% | +502.6% |
| Aug 1995 | Sep 1995 | 2 | 2.1% | +51.5% | +502.6% |
| Sep 1995 | Jan 1996 | 14 | 13.4% | +69.6% | +490.7% |
| Apr 1997 | Apr 1997 | 1 | 0.8% | +4.8% | +363.5% |
| May 1998 | Feb 1999 | 38 | 30.1% | +26.6% | +353.9% |
| Mar 1999 | Apr 1999 | 1 | 2.3% | +44.4% | +352.2% |
| Feb 2000 | Mar 2000 | 1 | 0.5% | +38.6% | +295.5% |
| Sep 2001 | Oct 2001 | 2 | 22.7% | +95.2% | +316.3% |
| Oct 2001 | Nov 2001 | 3 | 4.0% | +49.2% | +231.7% |
| Jan 2003 | Mar 2003 | 9 | 13.8% | +46.1% | +173.6% |
| Mar 2003 | Jun 2003 | 9 | 9.2% | +59.6% | +155.6% |
| Apr 2008 | May 2008 | 1 | 1.7% | -84.1% | -24.5% |
| May 2008 | Feb 2012 | 194 | 95.9% | -83.9% | -20.6% |
| Feb 2012 | Feb 2012 | 1 | 0.1% | -11.3% | +167.5% |
| Apr 2012 | Dec 2012 | 32 | 17.4% | +17.6% | +200.3% |
| Feb 2016 | Feb 2016 | 3 | 4.1% | +61.4% | +109.4% |
| Oct 2018 | Jan 2019 | 11 | 14.2% | +15.0% | +46.3% |
| Mar 2019 | Apr 2019 | 3 | 2.9% | -39.9% | +38.9% |
| Apr 2019 | Jun 2019 | 6 | 7.4% | -41.0% | +39.1% |
| Feb 2020 | Nov 2020 | 39 | 67.5% | +55.1% | +45.2% |
| Jun 2022 | Jul 2022 | 6 | 9.5% | +52.6% | +26.6% |
| Sep 2022 | Oct 2022 | 4 | 5.2% | +21.6% | +17.7% |
| Oct 2023 | Oct 2023 | 1 | 2.0% | +17.9% | +3.3% |
| Jul 2024 | Oct 2024 | 11 | 11.8% | +0.8% | -0.3% |
| Oct 2024 | Ongoing | 73+ | 32.4% | Ongoing | -2.9% |
| Average | 17 | — | +24.2% | — |
Frequently Asked Questions
Is MGM below its 200-week moving average?
Yes. As of 2026-03-20, MGM Resorts International (MGM) is trading 6.4% below its 200-week moving average of $37.77. The current price is $35.37.
What is MGM's 200-week moving average price?
MGM Resorts International's 200-week moving average is $37.77 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when MGM drops below its 200-week moving average?
MGM has crossed below its 200-week moving average 32 times in our data. On average, buying at that moment produced a one-year return of +24.2%. These dips have historically been decent entry points. These episodes lasted 17 weeks on average.
Is MGM a good value right now?
Here's what our data says about MGM as of 2026-03-20: The stock is below its 200-week moving average, which is the starting point for our analysis. The 14-week RSI is 45. Free cash flow yield is 4.9%. Return on equity is 14.9%. Price-to-book is 3.8x. This is not a buy or sell recommendation — always do your own research.
How does MGM compare to the S&P 500?
Over the past 33.2 years, $100 invested in MGM would have grown to $560, compared to $2683 for the S&P 500. That's 5.3% annualized vs 10.4% for the index. MGM has underperformed the broader market over this period.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-03-20