Casino company MGM Resorts International (MGM) has been on a bullish trend, with shares soaring 42.8% over the past nine months and 33.9% year-to-date to close the last trading session at $44.75. Moreover, the stock is currently trading above its 50-day and 200-day moving averages of $43.36 and $36.89, indicating an uptrend.
Additionally, the company saw strong growth in the fourth quarter of 2022, with significant revenue and earnings increases. The company has also been focused on generating free cash flow and increasing shareholders’ returns, backed by its share buyback programs.
