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Shares of MGM Resorts International MGM rose 4.94% to $31.41 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX rising 2.62% to 4,023.61 and the Dow Jones Industrial Average DJIA rising 1.37% to 32,197.59. The stock's rise snapped a three-day losing streak. MGM Resorts International closed $19.76 below its 52-week high ($51.17), which the company reached on November 8th.
The stock outperformed some of its competitors Wednesday, as Las Vegas Sands Corp. LVS rose 1.96% to $38.97, Wynn Resorts Ltd. WYNN rose 3.33% to $63.29, and Melco Resorts & Entertainment Ltd. ADR MLCO rose 0.70% to $5.74. Trading volume (3.5 M) remained 2.5 million below its 50-day average volume of 6.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled July 27, 2022.
(END) Dow Jones Newswires
July 27, 2022 17:07 ET (21:07 GMT)
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