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Shares of MGM Resorts International (MGM) dropped 0.97% to $32.64 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.78% to 3,955.00 and Dow Jones Industrial Average falling 0.88% to 31,510.43. This was the stock's second consecutive day of losses. MGM Resorts International closed $18.53 below its 52-week high ($51.17), which the company achieved on November 8th.
The stock underperformed when compared to some of its competitors Wednesday, as Las Vegas Sands Corp. (LVS) rose 2.67% to $37.63, Wynn Resorts Ltd. (WYNN) rose 0.63% to $60.59, and Melco Resorts & Entertainment Ltd. ADR (MLCO) rose 4.35% to $5.76. Trading volume (5.1 M) eclipsed its 50-day average volume of 4.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled August 31, 2022.
(END) Dow Jones Newswires
August 31, 2022 17:07 ET (21:07 GMT)
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