MGM Resorts International Stock Rises Tuesday, Outperforms Market
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Shares of MGM Resorts International (MGM) rallied 2.69% to $29.40 Tuesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.38% to 3,735.48 and Dow Jones Industrial Average falling 0.50% to 30,364.83. The stock's rise snapped a four-day losing streak. MGM Resorts International closed $21.77 below 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 Tuesday, as Las Vegas Sands Corp. (LVS) rose 5.46% to $32.27, Wynn Resorts Ltd. (WYNN) rose 0.69% to $58.01, and Melco Resorts & Entertainment Ltd. ADR (MLCO) rose 4.82% to $5.65. Trading volume (8.7 M) eclipsed its 50-day average volume of 5.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 14, 2022.
(END) Dow Jones Newswires
June 14, 2022 17:07 ET (21:07 GMT)
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