Past performance isn’t guaranteed to repeat, but if it does for MGM in February, the month could be rough for investors.
“More specifically, looking back over the last decade, MGM stock averages a February loss of 1.2%, with only three out of 10 returns positive,” according to Schaeffer’s.
The stock’s median February loss of 5.21 percent is the worst among S&P 500 members and data out last week say options traders have been buying far more puts than calls on MGM equity, indicating they’re preparing for a pullback.