MGM Resorts International (MGM) is Trading Lower on Unusual Volume for January 07

Equities Staff |

MGM Resorts International (MGM) experienced unusually high volume on Jan. 07, as the stock lost 8.71% to a closing price of $20.44. The stock saw 7.57 million shares trade hands over the course of the day on 42,940 trades. Given that the stock’s average daily volume over the last month has been 4.71 million shares a day, this represents a pretty substantial spike over the norm.

MGM Resorts International has a P/B ratio of 1.95. The stock has traded between $24.41 and $16.84 over the last 52-weeks, its 50-day SMA is now $22.53, and its 200-day SMA $20.83.

MGM Resorts International is a holding company. The Company through its wholly-owned subsidiaries, owns and operates casino resorts. Its offering includes; gaming, hotel, convention, dining, entertainment, retail and other resort amenities.

Headquartered in Las Vegas, NV, MGM Resorts International has 68,100 employees and is currently under the leadership of CEO James Joseph Murren.

For a complete fundamental analysis analysis of MGM Resorts International, check out’s Stock Valuation Analysis report for MGM. To see the latest independent stock recommendations from’s analysts, visit our Research section.


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All data provided by QuoteMedia and was accurate as of 4:30PM ET.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:


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