MGM Resorts International Stock: 6 Straight Red Days, Down 20%

Shares of MGM Resorts International (MGM) have closed lower in each of the last 6 sessions, a cumulative decline of 20.2%. That erased about $2.0 billion from the company's market value, which now stands at about $7.9 billion. The stock closed at $31.05 on Wednesday, September 30, 38.7% below its 52-week high of $50.69 and 1.1% above its low of $30.72.

MGM Versus The S&P 500

Returns for MGM and the S&P 500 over the streak and the periods around it, all ending Wednesday, September 30 and including dividends:

How The Streak Compares With The Market

Over the same 6 trading days, the S&P 500 returned -1.4% including dividends, so the slide is mostly MGM Resorts International's own story rather than the market's. 14 other S&P 500 stocks are currently on losing streaks of 6 days or longer. Over the past three months the stock is down 34.7%, a window that includes the streak; over the other 57 sessions of that window it was down 18.1%.

Do The Fundamentals Justify The Selling?

On the fundamentals, revenue grew 3.2% over the last twelve months, against a median of 7.3% for S&P 500 Consumer Discretionary stocks; and its operating margin is 6.5%, versus a median of 15.4%. At least one of the last four quarters was a loss, so a price-to-earnings multiple would not be a meaningful yardstick here. The read is mixed.

A slide like this raises an obvious follow-up: which marked-down stocks are actually worth buying? Our Buy the Dip screen runs that test every day, flagging beaten-down names whose fundamentals still hold up.

A Slide Like This Is Why Diversification Exists

Watching one stock fall day after day is the clearest lesson the market teaches about single-name risk. Whether this particular decline is an opportunity or a warning, the deeper point is the same: no one name should be able to do this to your portfolio.

The Trefis High Quality (HQ) Portfolio is built on that principle: roughly 30 businesses selected for consistent cash generation, strong margins, and resilient balance sheets, sized and rebalanced with rules. It has a track record of outpacing a benchmark that combines the S&P 500, the S&P MidCap 400, and the Russell 2000. Study the slide; spread the risk.