remain undeterred<\/a>, having gobbled roughly $27 million worth of shares over the past several weeks.<\/p>\nInteresting Tidbits<\/h2>\n
Schaeffer’s also published a list of the best and worst-performing S&P 500 names since Feb. 19. Not surprisingly, no gaming stocks are on the positive list. But the group of the 16 worst offenders doesn’t include any casino operators or related companies either. Five of those 16 are travel and leisure companies \u2013 three cruise operators and two airlines.<\/p>\n
The research firm also included groupings of most up and down trading days since Feb. 19, as ranked by percentages. No gaming firm made either list.<\/p>\n
It’s important to note the Schaeffer’s research pertains only to S&P 500 members. The index weights companies by market value and, as such, just three gaming stocks \u2013 Las Vegas Sands (NYSE:LVS), Wynn Resorts (NASDAQ:MGM) and MGM \u2013 are part of the benchmark.<\/strong><\/p>\nThe trio combines for just 0.12% of the index’s weight.<\/p>\n","protected":false},"excerpt":{"rendered":"
Like every other name in the gaming industry, MGM Resorts International (NYSE:MGM) stock is being punished as the coronavirus forced the closure of all domestic casinos. But there’s more to the story. Compounding MGM investor woes is the turbulence associated with the stock’s epic decline \u2013 one that’s seen the name shed nearly 58 percent […]<\/p>\n","protected":false},"author":46,"featured_media":133730,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10],"tags":[],"acf":[],"yoast_head":"\n
MGM Is One of the Most Volatile S&P 500 Stocks This Year<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n