MGM Resorts is trading higher this morning following a positive business update released overnight regarding the strong third-quarter performance and disciplined growth of its BetMGM joint venture.
This move comes as the stock attempts to recover from a decline earlier this week, which saw shares hit a new 52-week low following a price target reduction from Barclays from $48.00 to $37.00 and news of a failed takeover bid. The stock is showing resilience despite broader market caution ahead of a busy week of bank