MGM Stock – Wynn Resorts Ltd. stock falls Friday, underperforms market
Shares of Wynn Resorts Ltd.
shed 0.52% to $127.43 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index
rising 1.66% to 3,974.54 and the Dow Jones Industrial Average
rising 1.39% to 33,072.88. The stock’s fall snapped a two-day winning streak. Wynn Resorts Ltd. closed $16.45 below its 52-week high ($143.88), which the company reached on March 15th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Las Vegas Sands Corp.
rose 0.46% to $61.00, Sands China Ltd. ADR
fell 2.05% to $48.34, and MGM Resorts International
fell 0.74% to $37.68. Trading volume (1.7 M) remained 1.2 million below its 50-day average volume of 2.9 M.