MGM Resorts International's Q2 earnings exceeded estimates, revenue increased 9.8%, and XTX Topco Ltd raised its stake by 140.3%.

MGM Resorts International (MGM) has seen increased institutional investment, with XTX Topco Ltd raising its stake by 140.3% in Q2. Analysts rate MGM as a "Moderate Buy" with a consensus price target of $53.93. The company reported earnings of $0.86 per share, exceeding estimates, and its revenue rose 9.8% year-over-year to $4.33 billion. MGM's shares opened at $37.32, with a market cap of $11.71 billion.

September 21, 2024
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