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Shares of MGM Resorts International (MGM) advanced 1.21% to $34.43 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 1.13% to 3,901.35 and Dow Jones Industrial Average falling 0.56% to 30,961.82. This was the stock's second consecutive day of gains. MGM Resorts International closed $16.74 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 Thursday, as Las Vegas Sands Corp. (LVS) rose 4.04% to $39.69, Wynn Resorts Ltd. (WYNN) rose 7.48% to $65.23, and Melco Resorts & Entertainment Ltd. ADR (MLCO) rose 5.05% to $5.83. Trading volume (5.2 M) eclipsed its 50-day average volume of 4.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled September 15, 2022.
(END) Dow Jones Newswires
September 15, 2022 17:08 ET (21:08 GMT)
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