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The closing price of MGM Resorts International shares on Wednesday was $9.88 short of its 52-week high of $51.35, which the company reached on July 31, 2023. The recent decline in MGM’s shares marks a contrast to the company’s performance earlier in the year.
In comparison to its competitors on Wednesday, MGM Resorts International displayed a mixed performance. Shares of Las Vegas Sands Corp. (NYSE:NYSE:LVS) fell by 0.29% to $48.85, while DraftKings (NASDAQ:DKNG) Inc. Class A (NASDAQ:DKNG) saw a slight increase of 0.07% to $30.71. Caesars (NASDAQ:CZR) Entertainment Inc. (NASDAQ:CZR), meanwhile, experienced a more significant drop, with its shares falling by 2.73% to $52.35.
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