MGM Resorts Stock Drops 15% YTD: Is It the Right Time to Buy?

Shares of MGM Resorts International (MGM) are struggling to stay afloat in the stock market. Despite strong second-quarter results, the stock has dropped 15% year to date compared with the industry’s 6.8% rise and the S&P 500’s 17.9% increase. Investor sentiments remain tepid primarily due to broader market volatility and uncertainties in Macau.However, MGM's stock has shown some relative strength compared with competitors like Wynn Resorts, Limited (WYNN) . down 15.5%, Las Vegas Sands Corp. (LVS) , down 18 ...