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Shares of MGM Resorts International (MGM) slid 7.40% to $31.78 Friday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 2.91% to 3,900.86 and Dow Jones Industrial Average falling 2.73% to 31,392.79. This was the stock's third consecutive day of losses. MGM Resorts International closed $19.39 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) fell 5.07% to $33.50, Wynn Resorts Ltd. (WYNN) fell 6.02% to $62.29, and Melco Resorts & Entertainment Ltd. ADR (MLCO) fell 6.40% to $5.70. Trading volume (7.5 M) eclipsed its 50-day average volume of 5.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 10, 2022.
(END) Dow Jones Newswires
June 10, 2022 17:07 ET (21:07 GMT)
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