MGM Resorts International Stock Rises Wednesday, Outperforms Market
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Shares of MGM Resorts International (MGM) rallied 3.15% to $32.09 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.95% to 3,978.73 and the Dow Jones Industrial Average rising 0.60% to 32,120.28. The stock's rise snapped a two-day losing streak. MGM Resorts International closed $19.08 below its 52-week high ($51.17), which the company reached on November 8th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Las Vegas Sands Corp. (LVS) rose 3.52% to $32.07, Wynn Resorts Ltd. (WYNN) rose 2.63% to $59.72, and Melco Resorts & Entertainment Ltd. ADR (MLCO) fell 0.63% to $4.75. Trading volume (6.6 M) eclipsed its 50-day average volume of 5.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 25, 2022.
(END) Dow Jones Newswires
May 25, 2022 17:07 ET (21:07 GMT)
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