Melco Resorts & Entertainment (MLCO) Drops 0.31% Despite Analyst Optimism

Generado por agente de IAAinvest Movers Radar
lunes, 19 de mayo de 2025, 6:47 pm ET1 min de lectura
MLCO--

Melco Resorts & Entertainment (MLCO) experienced a slight decline of 0.31% today, reaching its highest share price since December 2024, despite an intraday decline of NaN%.

Over the past five years, the strategy of buying MLCO shares after they reached a high and holding for one week resulted in a significant loss. The strategy yielded a return of -26.19%, with a benchmark return of 44.90% and an excess return of -71.09%. The Sharpe ratio was -0.26, indicating poor risk-adjusted returns, and the maximum drawdown was -55.13%, highlighting the strategy's high risk and substantial losses.

Analysts have shown a positive outlook on Melco Resorts & Entertainment, with recent upgrades and target price adjustments. CitiCTRN-- analyst George Choi has upgraded the stock rating from Neutral to Buy, setting a new price target of $6.25. This move indicates a growing optimism among analysts, which could potentially drive the stock price higher in the coming days.


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