MGM Resorts International Stock Falls Thursday, Underperforms Market
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Shares of MGM Resorts International MGM slid 8.88% to $27.39 Thursday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX falling 3.25% to 3,666.77 and Dow Jones Industrial Average DJIA falling 2.42% to 29,927.07. The stock's fall snapped a two-day winning streak. MGM Resorts International closed $23.78 short of its 52-week high ($51.17), which the company reached on November 8th.
The stock underperformed when compared to some of its competitors Thursday, as Las Vegas Sands Corp. LVS fell 5.42% to $30.87, Wynn Resorts Ltd. WYNN fell 8.17% to $54.49, and Melco Resorts & Entertainment Ltd. ADR MLCO fell 8.23% to $5.35. Trading volume (8.9 M) eclipsed its 50-day average volume of 5.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 16, 2022.
(END) Dow Jones Newswires
June 16, 2022 17:07 ET (21:07 GMT)
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