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Shares of MGM Resorts International (MGM) rallied 2.50% to $33.59 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.83% to 3,979.87 and the Dow Jones Industrial Average rising 1.40% to 31,581.28. MGM Resorts International closed $17.58 short of its 52-week high ($51.17), which the company reached on November 8th.
The stock underperformed when compared to some of its competitors Wednesday, as Las Vegas Sands Corp. (LVS) rose 2.68% to $36.40, Wynn Resorts Ltd. (WYNN) rose 3.63% to $60.31, and Melco Resorts & Entertainment Ltd. ADR (MLCO) rose 3.57% to $5.22. Trading volume (4.1 M) remained 475,845 below its 50-day average volume of 4.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled September 7, 2022.
(END) Dow Jones Newswires
September 07, 2022 17:07 ET (21:07 GMT)
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