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Shares of MGM Resorts International (MGM) dropped 0.25% to $35.40 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.08% to 4,115.77 and Dow Jones Industrial Average falling 0.81% to 32,910.90. The stock's fall snapped a two-day winning streak. MGM Resorts International closed $15.77 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 Wednesday, as Las Vegas Sands Corp. (LVS) rose 4.35% to $37.39, Wynn Resorts Ltd. (WYNN) rose 4.18% to $70.28, and Melco Resorts & Entertainment Ltd. ADR (MLCO) rose 7.69% to $6.30. Trading volume (3.1 M) remained 2.4 million below its 50-day average volume of 5.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 8, 2022.
(END) Dow Jones Newswires
June 08, 2022 17:07 ET (21:07 GMT)
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