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Shares of MGM Resorts International MGM slipped 2.76% to $29.93 Tuesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX falling 1.15% to 3,921.05 and Dow Jones Industrial Average DJIA falling 0.71% to 31,761.54. This was the stock's third consecutive day of losses. MGM Resorts International closed $21.24 below 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 fell 1.62% to $38.22, Wynn Resorts Ltd. WYNN fell 1.57% to $61.25, and Melco Resorts & Entertainment Ltd. ADR MLCO fell 0.35% to $5.70. Trading volume (3.5 M) remained 2.6 million below its 50-day average volume of 6.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled July 26, 2022.
(END) Dow Jones Newswires
July 26, 2022 17:07 ET (21:07 GMT)
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