Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
MGM Resorts International Stock Sheds 11.0%, Underperforms Peers

MGM Resorts International Stock Sheds 11.0%, Underperforms Peers

Dow JonesDow Jones2026/09/24 20:33

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of MGM Resorts International plunged 11.0% to $33.69 on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index remaining mostly unchanged at 7,704.13 and the Dow Jones Industrial Average falling 0.3% to 51,349.98.

This was the stock's second consecutive day of losses.

MGM Resorts International closed 34.7% short of its 52-week high of $51.59, which the company reached on June 1st.

The stock underperformed when compared to some of its peers, as Las Vegas Sands Corp. fell 1.4% to $38.65, DraftKings Inc. Cl A rose 0.1% to $21.27, and Caesars Entertainment Inc. remained unchanged.

Trading volume totaled 19.7 million, compared to the 50-day average of 2.4 million.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

September 24, 2026 16:33 ET (20:33 GMT)

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Korean retail investors shift to the US in Q3: Sold over 5.5 trillion won of Korean stocks, purchased more than 10 trillion won of US stocks

In the third quarter, Korean retail investors made net purchases of US stocks worth approximately 10.15 trillion won, marking a complete reversal from the previous pattern in the first half of the year, when they made net purchases of nearly 100 trillion won in KOSPI stocks. In September alone, the sell-off amount reached as high as 14.2 trillion won. Analysts attribute this shift to a combination of factors: a sharp decline in KOSPI at high levels, the continued strength of the US stock market driven by AI themes, and the appreciation of the Korean won reducing currency exchange costs.

华尔街见闻•2026/10/11 06:51