MGM Stock – MGM Resorts International stock rises Thursday, still underperforms market
Shares of MGM Resorts International
inched 0.89% higher to $37.47 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index
rising 1.22% to 4,112.50 and the Dow Jones Industrial Average
rising 1.29% to 34,021.45. The stock’s rise snapped a three-day losing streak. MGM Resorts International closed $5.27 below its 52-week high ($42.74), which the company reached on April 29th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Las Vegas Sands Corp.
rose 1.49% to $55.76, Wynn Resorts Ltd.
rose 1.25% to $122.42, and Melco Resorts & Entertainment Ltd. ADR
fell 2.10% to $17.24. Trading volume (8.1 M) remained 91,952 below its 50-day average volume of 8.2 M.