MGM Stock – MGM Resorts International stock outperforms market on strong trading day
Shares of MGM Resorts International
advanced 3.01% to $42.09 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index
rising 1.40% to 4,224.79 and the Dow Jones Industrial Average
rising 1.76% to 33,876.97. The stock’s rise snapped a three-day losing streak. MGM Resorts International closed $2.31 short of its 52-week high ($44.40), which the company achieved on June 8th.
The stock outperformed some of its competitors Monday, as Las Vegas Sands Corp.
rose 2.96% to $54.57, Wynn Resorts Ltd.
rose 2.55% to $127.61, and Melco Resorts & Entertainment Ltd. ADR
rose 0.58% to $17.42. Trading volume (4.6 M) remained 2.5 million below its 50-day average volume of 7.1 M.