MGM Resorts International Stock Rises Friday, Outperforms Market
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Shares of MGM Resorts International MGM rallied 3.63% to $30.00 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 1.06% to 3,825.33 and the Dow Jones Industrial Average DJIA rising 1.05% to 31,097.26. The stock's rise snapped a four-day losing streak. MGM Resorts International closed $21.17 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 Friday, as Las Vegas Sands Corp. LVS rose 5.03% to $35.28, Wynn Resorts Ltd. WYNN rose 2.11% to $58.18, and Melco Resorts & Entertainment Ltd. ADR MLCO rose 4.70% to $6.02. Trading volume (5.5 M) remained 1.0 million below its 50-day average volume of 6.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled July 1, 2022.
(END) Dow Jones Newswires
July 01, 2022 17:07 ET (21:07 GMT)
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