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Benzinga
Benzinga
Entertainment
Melanie Schaffer

How MGM Resorts Stock Looks Heading Into Q1 Earnings: Charting The Path Ahead

MGM MGM Resorts MGM Resorts International NYSE

MGM Resorts International (NYSE:MGM) is set to print its first-quarter financial results after the market close on Thursday. The stock was trading flat heading into the event.

When the global hospitality and entertainment company printed its first-quarter results on Feb. 9, the stock plunged into a downtrend, declining more than 25% between that reporting date and March 8, when the stock reached a bottom at the $36.46 mark. Since reaching the low, MGM has seesawed between about the $36 and $44 levels amid increased market volatility.

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