MGM Resorts International (MGM), a prominent player in the global hospitality and entertainment industry, has traversed a multifaceted path in the stock market since its inception. The table below delineates the annual performance of MGM’s stock, illustrating a trajectory characterized by remarkable recoveries and periodic challenges. This synopsis reflects MGM’s resilience in facing economic dynamics, highlighting its commitment to delivering exceptional leisure, gaming, and hospitality experiences to guests worldwide.
Annual Returns of MGM Resorts International Stock (MGM)
| Year | Beginning | Ending | Gain/Loss | S&P 500 |
|---|---|---|---|---|
| 2023 | $33.28 | $44.68 | 34.25% | 24.73% |
| 2022 | $45.48 | $33.53 | -26.28% | -19.95% |
| 2021 | $29.70 | $44.88 | 51.11% | 28.79% |
| 2020 | $33.66 | $31.51 | -6.39% | 15.29% |
| 2019 | $25.19 | $33.27 | 32.08% | 28.71% |
| 2018 | $33.51 | $24.26 | -27.60% | -7.01% |
| 2017 | $29.48 | $33.39 | 13.26% | 18.42% |
| 2016 | $22.25 | $28.83 | 29.57% | 11.24% |
| 2015 | $21.02 | $22.72 | 8.09% | -0.69% |
| 2014 | $23.72 | $21.38 | -9.87% | 12.39% |
| 2013 | $12.27 | $23.52 | 91.69% | 26.39% |
| 2012 | $11.11 | $11.64 | 4.77% | 11.68% |
| 2011 | $15.38 | $10.43 | -32.18% | -1.12% |
| 2010 | $9.73 | $14.85 | 52.62% | 11.00% |
| 2009 | $15.44 | $9.12 | -40.93% | 19.67% |
| 2008 | $81.60 | $13.76 | -83.14% | -37.58% |
| 2007 | $57.57 | $84.02 | 45.94% | 3.65% |
| 2006 | $36.93 | $57.35 | 55.29% | 11.78% |
| 2005 | $35.83 | $36.67 | 2.33% | 3.84% |
| 2004 | $18.61 | $36.37 | 95.43% | 9.33% |
| 2003 | $17.17 | $18.81 | 9.49% | 22.32% |
| 2002 | $14.52 | $16.49 | 13.49% | -23.80% |
| 2001 | $13.56 | $14.44 | 6.43% | -10.53% |
| 2000 | $11.81 | $14.09 | 19.31% | -9.27% |
| 1999 | $6.94 | $12.58 | 81.31% | 19.64% |
| 1998 | $8.98 | $6.78 | -24.52% | 26.07% |
| 1997 | $8.75 | $9.03 | 3.21% | 31.67% |
| 1996 | $5.69 | $8.72 | 53.30% | 19.33% |
| 1995 | $6.19 | $5.75 | -7.07% | 34.16% |
| 1994 | $9.06 | $6.03 | -33.45% | -1.33% |
| 1993 | $4.78 | $9.78 | 104.58% | 7.14% |
| 1992 | $2.88 | $4.78 | 66.30% | 4.42% |
| 1991 | $2.53 | $2.84 | 12.35% | 27.77% |
| 1990 | $3.91 | $2.44 | -37.60% | -8.19% |
| 1989 | $2.56 | $3.91 | 52.44% | 28.36% |
| 1988 | $2.75 | $2.56 | -6.82% | 8.51% |
The table above displays the MGM Yearly Return Rate, highlighting MGM Resorts International’s annual stock performance on a split-adjusted basis. This data does not include dividends, stock spin-offs, taxes, or transaction commissions.
MGM Resorts International (MGM) Stock History
MGM Resorts International (MGM) has journeyed through the volatile landscapes of the stock market with notable fluctuations in its stock performance over the years. From its early days to the present, MGM has experienced significant gains, faced downturns, and demonstrated resilience, reflecting its adaptability and strategic focus in the global hospitality and entertainment sectors.
Early Growth and Challenges (1988-1994)
The journey began in 1988 with a modest stock performance, experiencing a slight decline. However, MGM quickly reversed this trend, showcasing a robust growth of 52.44% in 1989. The early ’90s marked a period of rapid expansion and notable volatility. In 1990, the company faced a sharp decline of -37.60%, only to rebound with incredible vigor in 1991 and 1992, achieving growth rates of 12.35% and 66.30%, respectively.
This period of growth peaked in 1993 with an astounding 104.58% increase. Despite these successes, 1994 presented a significant challenge, with the stock plummeting by -33.45%, underscoring the volatile nature of the stock market and the company’s resilience in navigating these early fluctuations.
Recovery and Prosperity (1995-1999)
Following a challenging year in 1994, MGM embarked on a path of recovery and growth. Although 1995 saw a minor setback of -7.07%, the subsequent years were marked by remarkable prosperity. From 1996 through 1999, MGM experienced a dramatic turnaround, with gains exceeding 50% in several years and reaching a peak growth of 81.31% in 1999.
The New Millennium’s Roller Coaster (2000-2009)
The turn of the millennium brought a new set of challenges and achievements for MGM. The early 2000s were characterized by consistent growth, with the stock achieving gains each year, peaking at 95.43% in 2004. However, the latter half of the decade was marked by significant turbulence.
The global financial crisis of 2008 led to an unprecedented drop of -83.14%, highlighting the impact of external economic factors on the company’s performance. Despite this, MGM showcased its resilience, managing to recover from these setbacks.
Stabilization and Growth (2010-Present)
The past decade has been a testament to MGM’s strategic initiatives and its ability to adapt to changing market dynamics. Starting from 2010, the company embarked on a recovery path, highlighted by substantial gains, including a 52.62% increase in 2010 and a remarkable 91.69% in 2013. Despite facing occasional declines, such as in 2015 and more notably in 2020 due to the COVID-19 pandemic, MGM has consistently demonstrated growth.
The year 2023 marked a significant upturn with a 34.25% gain, showcasing MGM’s enduring appeal and strategic acumen in navigating the complexities of the global market.