Melco Resorts & Entertainment Ltd (MLCO) stock has fallen 4.38% over the past week and gets a Bearish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With MLCO Stock Today?
Melco Resorts & Entertainment Ltd (MLCO) stock is trading at $18.76 as of 11:33 AM on Tuesday, Apr 20, a drop of -$0.36, or -1.88% from the previous closing price of $19.12. The stock has traded between $18.73 and $19.37 so far today. Volume today is more active than usual. So far 2,331,543 shares have traded compared to average volume of 1,844,569 shares.
To see InvestorsObserver's Sentiment Score for Melco Resorts & Entertainment Ltd click here.
More About Melco Resorts & Entertainment Ltd
Melco Resorts is one of only six companies with a licence to operate casinos in Macao, the only region in China with legalized gambling. It operates Altira, a complex focused on VIP customers; City of Dreams, an integrated resort in Cotai serving both mass-market and premium-end patrons; and Mocha Clubs electronic gaming machines. In addition, the company also has a majority interest in Studio City, a new casino in Cotai that opened in October 2015. Outside Macao, Melco also owns City of Dreams Manila in Philippines, and 75% stake in City of Dreams Mediterranean in Cyprus. The business mix in term of adjusted EBITDA was about 84% from Macao, and the rest largely from Philippines as of 2019.
Click Here to get the full Stock Score Report on Melco Resorts & Entertainment Ltd (MLCO) Stock.
