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Shares of MGM Resorts International (MGM) slid 9.91% to $28.63 Monday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 3.88% to 3,749.63 and Dow Jones Industrial Average falling 2.79% to 30,516.74. This was the stock's fourth consecutive day of losses. MGM Resorts International closed $22.54 below its 52-week high ($51.17), which the company achieved on November 8th.
The stock underperformed when compared to some of its competitors Monday, as Las Vegas Sands Corp. (LVS) fell 8.66% to $30.60, Wynn Resorts Ltd. (WYNN) fell 7.51% to $57.61, and Melco Resorts & Entertainment Ltd. ADR (MLCO) fell 5.44% to $5.39. Trading volume (9.9 M) eclipsed its 50-day average volume of 5.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 13, 2022.
(END) Dow Jones Newswires
June 13, 2022 17:07 ET (21:07 GMT)
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