MSC Stock Summary and Trading Ideas (Studio City Intl Hldgs | NYSE:MSC)

Studio City International Holdings Ltd is a gaming, retail, and entertainment resort located in Cotai, Macau. It operates Studio City Casino with around 250 mass-market gaming tables; including 15 tables for VIP rolling chip operations, and 552 gaming machines. Studio City features luxury hotel rooms, diverse food and beverage establishments, and complementary retail space. In addition, the company offers non-gaming attractions, including the world's first figure-8 Ferris wheel, a deluxe nightclub and karaoke venue, a live performance arena, an outdoor and an indoor water park. Geographically, the company derives the majority of its revenue from the Macau region.

Studio City Intl Hldgs trades on the NYSE stock market under the symbol MSC.

As of April 24, 2024, MSC stock price was flat at $7.23 with 40 million shares trading.

MSC has a market cap of $800.48 million. This is considered a Small Cap stock.

In the last 3 years, MSC stock traded as high as $24.41 and as low as $1.52.

MSC has underperformed the market in the last year with a price return of -9.6% while the SPY ETF gained +23.8%. However, in the short term, MSC had mixed performance relative to the market. It has outperformed in the last 3 months, returning +15.7% vs +4.2% return in SPY. But in the last 2 weeks, MSC shares have been beat by the market, returning -16.4% compared to an SPY return of -3.1%.

MSC support price is $6.67 and resistance is $7.79 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MSC stock will trade within this expected range on the day.