MGM China (OTCMKTS:MCHVY) Shares Up 3.1% – Here’s Why

MGM China Holdings Limited (OTCMKTS:MCHVYGet Free Report)’s share price shot up 3.1% during mid-day trading on Monday . The stock traded as high as $15.46 and last traded at $15.46. 413 shares changed hands during trading, a decline of 45% from the average session volume of 745 shares. The stock had previously closed at $15.00.

MGM China Stock Performance

The firm has a 50 day simple moving average of $15.14 and a 200-day simple moving average of $16.59.

MGM China Company Profile

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MGM China Holdings Limited, an investment holding company, engages in the development, ownership, and operation of gaming and lodging resorts in the Greater China region. The company develops and operates casino games of chance and other casino games, and related hotel and resort facilities, as well as provides hotel management services; and develops integrated resorts in Macau.

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