Where Will Melco Resorts & Entertainment Ltd (MLCO) Stock Go Next After It Is Down 0.72% in a Week?

The market has been down on Melco Resorts & Entertainment Ltd (MLCO) stock recently. MLCO gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Melco Resorts & Entertainment Ltd has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on MLCO!

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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. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With MLCO Stock Today?

Melco Resorts & Entertainment Ltd (MLCO) stock is up 4.3% while the S&P 500 is down -0.55% as of 1:58 PM on Friday, Sep 29. MLCO is up $0.40 from the previous closing price of $9.31 on volume of 1,854,478 shares. Over the past year the S&P 500 is higher by 14.98% while MLCO is up 48.02%. MLCO lost -$1.33 per share in the over the last 12 months. To screen for more stocks like Melco Resorts & Entertainment Ltd click here.

More About Melco Resorts & Entertainment Ltd

Melco Resorts is one of only six licenced casino operators 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 opened in October 2015. Outside Macao, Melco also owns City of Dreams Manila in Philippines, and 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 the prepandemic 2019 levels. Click Here to get the full Stock Report for Melco Resorts & Entertainment Ltd stock.