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Shares of MGM Resorts International (MGM) advanced 7.45% to $34.48 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.99% to 4,057.84 and the Dow Jones Industrial Average rising 1.61% to 32,637.19. This was the stock's second consecutive day of gains. MGM Resorts International closed $16.69 short of its 52-week high ($51.17), which the company achieved on November 8th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Las Vegas Sands Corp. (LVS) rose 6.55% to $34.17, Wynn Resorts Ltd. (WYNN) rose 7.89% to $64.43, and Melco Resorts & Entertainment Ltd. ADR (MLCO) rose 9.05% to $5.18. Trading volume (8.3 M) eclipsed its 50-day average volume of 5.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 26, 2022.
(END) Dow Jones Newswires
May 26, 2022 17:07 ET (21:07 GMT)
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