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Why MGM Resorts Stock Soared 42.6% in April

Why MGM Resorts Stock Soared 42.6% in April

Shares of MGM Resorts (NYSE: MGM) jumped 42.6% in April, according to data provided by S&P Global Market Intelligence, after investors became a bit more bullish on the casino industry's recovery. In March, the market's recovery and investors' more optimistic view of the effects of COVID-19 on the economy pushed stocks higher overall. Additionally, investors were pleased with the ability of companies to raise money to survive.