MGM Resorts outperforms competitors amid third day of stock gains

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MGM Resorts outperforms competitors amid third day of stock gains

In a bullish market environment on Thursday, MGM Resorts International (NYSE: MGM ) shares continued their upward trajectory for the third consecutive day. The company's stock price rose by 0.14% to $34.97, outperforming competitors such as Las Vegas Sands (NYSE: LVS ) Corp., DraftKings (NASDAQ: DKNG ) Inc., and Caesars (NASDAQ: CZR ) Entertainment Inc., which all experienced share price declines.

This increase occurred in a robust trading session where major indices like the S&P 500 and Dow Jones also saw an uptick, with gains of 1.05% and 0.67%, respectively. Despite this positive momentum, MGM's stock price remained $16.38 lower than its 52-week high of $51.35, achieved last July.

Interestingly, even amid the price increase, MGM's trading volume fell short of its typical 50-day average volume. This could signify that while the stock is gaining, it's doing so on less trading activity than usual, a factor investors may want to consider.

The continued rise in MGM's share price marks a positive trend for the company, which has managed to shine in an overall bullish market environment, outpacing its industry peers in terms of share price performance.

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