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Shares of MGM Resorts International (MGM) rose 1.19% to $34.89 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 2.47% to 4,158.24 and the Dow Jones Industrial Average rising 1.76% to 33,212.96. This was the stock's third consecutive day of gains. MGM Resorts International closed $16.28 short of its 52-week high ($51.17), which the company achieved on November 8th.
The stock underperformed when compared to some of its competitors Friday, as Las Vegas Sands Corp. (LVS) rose 1.32% to $34.62, Wynn Resorts Ltd. (WYNN) rose 1.29% to $65.26, and Melco Resorts & Entertainment Ltd. ADR (MLCO) rose 2.32% to $5.30. Trading volume (4.6 M) remained 863,479 below its 50-day average volume of 5.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 27, 2022.
(END) Dow Jones Newswires
May 27, 2022 17:07 ET (21:07 GMT)
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