DJ MGM Resorts International Stock Outperforms Competitors On Strong Trading Day
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Shares of MGM Resorts International $(MGM)$ climbed 16.05% to $29.93 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 9.52% to 5,456.90 and the Dow Jones Industrial Average rising 7.87% to 40,608.45.
The stock's rise snapped a four-day losing streak.
MGM Resorts International closed 36.67% below its 52-week high of $47.26, which the company reached on July 17th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Las Vegas Sands Corp. $(LVS)$ rose 9.87% to $33.73, DraftKings Inc. Cl A (DKNG) rose 12.39% to $35.84, and Caesars Entertainment Inc. $(CZR)$ rose 17.27% to $27.57.
Trading volume (9.0 M) eclipsed its 50-day average volume of 6.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled April 9, 2025.
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(END) Dow Jones Newswires
April 09, 2025 17:19 ET (21:19 GMT)
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