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Anushka Dutta

Is MGM Resorts International Stock Outperforming the S&P 500?

MGM MGM Resorts International

MGM Resorts International (MGM) is a global hospitality and entertainment company that operates several integrated casino, hotel, and gaming destinations across the U.S. and Macau. Its portfolio includes iconic Las Vegas Strip resorts, regional casinos and digital sports betting via BetMGM. The company is headquartered in Las Vegas, Nevada. The company has a market capitalization of $11.98 billion, which classifies the stock as “large-cap.”

MGM’s shares reached a 52-week high of $51.59 on June 1, but are down 9.2% from that level. Over the past three months, the stock has gained 28.8%. The broader S&P 500 Index ($SPX) is up by a 13.5% over the past three months. Therefore, MGM has been the clear outperformer over this period.

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