MGM Stock – MGM Resorts International stock underperforms Tuesday when compared to competitors
Shares of MGM Resorts International
sank 0.43% to $41.52 Tuesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index
falling 0.10% to 4,073.94 and Dow Jones Industrial Average
falling 0.29% to 33,430.24. The stock’s fall snapped a two-day winning streak. MGM Resorts International closed $1.11 below its 52-week high ($42.63), which the company achieved on April 5th.
The stock underperformed when compared to some of its competitors Tuesday, as Las Vegas Sands Corp.
rose 1.61% to $63.61, Wynn Resorts Ltd.
rose 4.04% to $136.37, and Melco Resorts & Entertainment Ltd. ADR
rose 3.46% to $21.21. Trading volume (10.1 M) eclipsed its 50-day average volume of 9.7 M.