MGM price expected to recover to $35.55 after the People Inc. deal reversal settles.
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Speaking of interesting stuff, MGM, guys, look at this chart here on MGM. Big huge decline the other day when People Inc. backed out of buying MGM Grand. And so we had a big drop as you see here, dropping price underneath a very key inclining trend line from the April 2025 lows.
So, uh, what what's interesting about MGM today, they flipped the script and people backed out of their offer to buy MGM, but MGM turned around and said, you know what, we'll buy you people.
So, now People is pushing up this morning. MGM pushing up ever so slightly, too. Once the dust settles with this merger acquisition flip, I anticipate MGM to come right back up here to $3555.
Those are the low pivot ranges here. And as I highlighted, the uh inclining resistance level for this trend line.
What this channel has said about $MGM
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