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MGM Resorts International stock rises Thursday, still underperforms market

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Terrence Horan

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Shares of MGM Resorts International MGM inched 0.60% higher to $48.44 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX rising 1.71% to 4,438.26 and the Dow Jones Industrial Average DJIA rising 1.56% to 34,912.56. MGM Resorts International closed $0.50 short of its 52-week high ($48.94), which the company achieved on October 12th.

The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Las Vegas Sands Corp. LVS rose 0.80% to $40.37, Wynn Resorts Ltd. WYNN fell 0.87% to $91.64, and Melco Resorts & Entertainment Ltd. ADR MLCO fell 1.35% to $10.97. Trading volume (4.5 M) remained 2.6 million below its 50-day average volume of 7.1 M.

Editor's Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.