Buy Or Fear MGM Stock At $34?

LAS VEGAS, NV - SEPTEMBER 24: General views of the MGM Grand Las Vegas Hotel & Casino on September ... More 24, 2024 in Las Vegas, Nevada. (Photo by AaronP/Bauer-Griffin/GC Images)GC ImagesDespite a positive update from BetMGM and aggressive stock buybacks, MGM Resorts stock (NYSE: MGM) appears to be a value trap rather than a value opportunity. MGM stock has seen a slight decline year-to-date, while the S&P 500 has increased by approximately 3%. There is evident momentum in online gaming, an exciting new c ...