Shares of MGM China Holdings Limited (OTCMKTS:MCHVY – Get Free Report) dropped 13% on Monday . The stock traded as low as $14.90 and last traded at $14.90. Approximately 141 shares traded hands during trading, a decline of 33% from the average daily volume of 211 shares. The stock had previously closed at $17.1250.
MGM China Trading Down 13.0%
The company’s fifty day moving average price is $17.08 and its two-hundred day moving average price is $19.16.
About MGM China
MGM China Holdings Limited is a developer and operator of luxury integrated resorts in the Macau Special Administrative Region of China. The company’s core business encompasses casino gaming, hospitality, entertainment, retail and convention services. Through its flagship properties, MGM China offers a full spectrum of experiences, ranging from high-end gaming salons and mass-market gaming tables to fine dining venues, world-class entertainment shows and upscale retail boutiques.
MGM China’s portfolio includes two major integrated resorts: MGM Macau, located on the Macau Peninsula, and MGM Cotai, situated in the Cotai resort zone.
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