Morgans Hotel Group Co.’s (MHGC) MACD indicator has entered into bearish territory with a reading of -0.1006. The Zacks #4 Rank (“Sell”) stock declined more than 2% to $6.90 in afternoon trade. The Zacks Consensus Estimate is currently pegged at a loss of $1.50 per share, which worsened by 17 cents over the past month.
“MHGC” Free Stock Analysis: Buy? Sell? Hold?
Zacks Investment Research