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Shares of MGM Resorts International MGM shed 0.50% to $29.88 Tuesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX falling 2.01% to 3,821.55 and Dow Jones Industrial Average DJIA falling 1.56% to 30,946.99. This was the stock's second consecutive day of losses. MGM Resorts International closed $21.29 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 Tuesday, as Las Vegas Sands Corp. LVS rose 4.04% to $34.51, Wynn Resorts Ltd. WYNN rose 3.15% to $59.51, and Melco Resorts & Entertainment Ltd. ADR MLCO rose 5.11% to $6.17. Trading volume (7.6 M) eclipsed its 50-day average volume of 6.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 28, 2022.
(END) Dow Jones Newswires
June 28, 2022 17:07 ET (21:07 GMT)
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