MGM Resorts International is a holding company. Through its subsidiaries, Co. owns and operates casino, hotel, and entertainment resorts across the U.S. and in Macau. Co. has three segments: Las Vegas Strip Resorts, which consists of Aria, Bellagio, MGM Grand Las Vegas, Mandalay Bay, The Mirage, Luxor, New York-New York, Excalibur, and Park MGM; Regional Operations, which consists of MGM Grand Detroit in Detroit, MI; Beau Rivage in Biloxi, MS; Gold Strike Tunica in Tunica, MS; Borgata in Atlantic City, NJ; MGM National Harbor in Prince George's County, MD; MGM Springfield in Springfield, MA; and Empire City in Yonkers, NY; and MGM China, which owns MGM China Holdings Limited. We show 53 historical shares outstanding datapoints in our MGM shares outstanding history coverage, used to compute MGM market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing MGM market cap history over the course of time is important for investors
interested in comparing MGM's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of MGM versus a peer is one thing; comparing
MGM market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like MGM can fluctuate over the course of history.
With this page we aim to empower investors researching MGM by allowing them to research the MGM market cap history. |
Free MGM Email Alerts:
Video: The Importance of Market Cap
