MGM Resorts International Stock Outperforms Market On Strong Trading Day
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Shares of MGM Resorts International (MGM) advanced 2.24% to $30.06 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.46% to 3,789.99 and the Dow Jones Industrial Average rising 1.00% to 30,668.53. This was the stock's second consecutive day of gains. MGM Resorts International closed $21.11 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 Wednesday, as Las Vegas Sands Corp. (LVS) rose 1.15% to $32.64, Wynn Resorts Ltd. (WYNN) rose 2.29% to $59.34, and Melco Resorts & Entertainment Ltd. ADR (MLCO) rose 3.19% to $5.83. Trading volume (6.8 M) eclipsed its 50-day average volume of 5.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 15, 2022.
(END) Dow Jones Newswires
June 15, 2022 17:07 ET (21:07 GMT)
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