Should You Buy Melco Resorts & Entertainment Ltd (MLCO) Stock Wednesday Morning?

Melco Resorts & Entertainment Ltd (MLCO) is lower by Wednesday morning, with the stock losing -8.03% in pre-market trading to 10.99. MLCO's short-term technical score of 0 indicates that the stock has traded less bullishly over the last month than 100% of stocks on the market. In the Resorts & Casinos industry, which ranks 98 out of 146 industries, Melco Resorts & Entertainment Ltd ranks higher than 0% of stocks. Melco Resorts & Entertainment Ltd has fallen 3.71% over the past month, closing at $11.55 on August 18. During this period of time, the stock fell as low as $10.84 and as high as $14.65. MLCO has an average analyst recommendation of Buy. The company has an average price target of $18.80.

MLCO has an Overall Score of 23. Find out what this means to you and get the rest of the rankings on MLCO!

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Melco Resorts & Entertainment Ltd has a Long-Term Technical rank of 1. This means that trading over the last 200 trading days has placed the company in the lower half of stocks with 99% of the market scoring higher. In the Resorts & Casinos industry which is number 112 by this metric, MLCO ranks better than 9% of stocks.

Important Dates for Investors in MLCO:

-Melco Resorts & Entertainment Ltd is set to release earnings on 11/4/2021. During their last earnings release the company posted EPS of $0.18. -We do not have a set dividend date for Melco Resorts & Entertainment Ltd at this time. Click Here To Get The Full Report on Melco Resorts & Entertainment Ltd (MLCO)