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MGM Resorts International (NYSE:MGM) shares are trading lower by $2.56 (9 percent) at $27.04 in Thursday's session.
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Despite a Q4 EPS beat of $1.42 with inline sales, the issue is deep in the red. Even the initiation of a $0.11 dividend hasn't attracted many buyers to the issue.
After much lower open, MGM only managed a $0.02 bounce to $28.06, before continuing its mover lower. So far, the ensuing decline has taken the issue to $26.89, but now has rebounded back into the $27.00 handle. The current low coincides with its November 14 low of $26.77.