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Shares of MGM Resorts International (MGM) inched 0.61% higher to $34.57 Tuesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.13% to 3,855.93 and Dow Jones Industrial Average falling 1.01% to 30,706.23. This was the stock's second consecutive day of gains. MGM Resorts International closed $16.60 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) rose 1.18% to $39.28, Wynn Resorts Ltd. (WYNN) rose 2.90% to $67.80, and Melco Resorts & Entertainment Ltd. ADR (MLCO) rose 3.95% to $6.05. Trading volume (5.7 M) eclipsed its 50-day average volume of 4.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled September 20, 2022.
(END) Dow Jones Newswires
September 20, 2022 17:08 ET (21:08 GMT)
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