Shares of MGM China Holdings Limited (OTCMKTS:MCHVY – Get Free Report) traded up 12% during mid-day trading on Tuesday . The stock traded as high as $15.0923 and last traded at $15.0923. 194 shares were traded during trading, an increase of 12% from the average daily volume of 173 shares. The stock had previously closed at $13.47.
MGM China Stock Performance
The stock has a 50-day moving average price of $13.94 and a 200-day moving average price of $15.72.
About MGM China
MGM China Holdings Limited is a Macau-based integrated resort operator and a subsidiary of MGM Resorts International. The company develops and operates casino resorts offering gaming, hotel accommodations, dining, entertainment, retail, and meeting and convention facilities.
MGM China operates MGM Macau, which opened in 2007 on the Macau Peninsula, and MGM Cotai, which opened in 2018 in the Cotai area. Its resorts serve visitors from mainland China, Hong Kong, Taiwan, and international markets, with offerings designed for both leisure and business travelers.
The company operates under Macau’s gaming concession framework and has expanded its non-gaming amenities alongside its casino business.
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