Shares of MGM Resorts International soared on Monday, outperforming its competitors in a strong trading day. The stock rose 5.12% to reach $43.54, marking its fourth consecutive day of gains. The overall stock market also experienced positive momentum, with the S&P 500 Index rising 0.39% to 4,622.44 and the Dow Jones Industrial Average climbing 0.43% to 36,404.93.
MGM Resorts International closed $7.81 below its 52-week high, which was achieved on July 31st. Despite this, the stock showed resilience and surpassed its competitors. Las Vegas Sands Corp. saw a 2.63% increase to reach $47.61, DraftKings Inc. rose 1.64% to $36.49, while Caesars Entertainment Inc. experienced a slight decline of 0.50% to $43.97.
Trading volume for MGM Resorts International was also notable, with 7.1 million shares exchanged, surpassing its 50-day average volume of 4.8 million shares.
In summary, MGM Resorts International demonstrated strong performance in the stock market on Monday, with notable gains in share value. The company’s ability to outperform its competitors contributes to its positive momentum, as well as its consistent upward trend over the past four days.
Note: This story was composed using data provided by Dow Jones and FactSet, an automation technology provider, without any explicit notes about adherence to guidelines.
