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Shares of MGM Resorts International MGM inched 0.48% higher to $31.44 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 0.99% to 3,998.95 and the Dow Jones Industrial Average DJIA rising 0.51% to 32,036.90. This was the stock's fifth consecutive day of gains. MGM Resorts International closed $19.73 below its 52-week high ($51.17), which the company achieved on November 8th.
The stock underperformed when compared to some of its competitors Thursday, as Las Vegas Sands Corp. LVS rose 6.58% to $39.52, Wynn Resorts Ltd. WYNN rose 2.84% to $63.68, and Melco Resorts & Entertainment Ltd. ADR MLCO rose 0.87% to $5.78. Trading volume (3.4 M) remained 2.9 million below its 50-day average volume of 6.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled July 21, 2022.
(END) Dow Jones Newswires
July 21, 2022 17:07 ET (21:07 GMT)
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