MGM Resorts Board Authorized $2B Share Repurchase Plan
Portfolio Pulse from Benzinga Newsdesk
The board of MGM Resorts has authorized a $2 billion share repurchase plan.

November 08, 2023 | 9:20 pm
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MGM Resorts' board has authorized a $2 billion share repurchase plan, which could potentially increase the stock's value.
Share repurchase plans are often seen as a sign of a company's confidence in its own stock. By reducing the number of shares outstanding, it can increase earnings per share and potentially boost the stock's value. Therefore, this news could have a positive impact on MGM Resorts' stock in the short term.
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IMPORTANCE 80
RELEVANCE 100