Howard Stutz of the Las Vegas Review-Journal reports Tuesday that shares of MGM Resorts International rose nearly 7 percent after being touted by CNBC “Mad Money” host Jim Cramer.
“‘Virtually everything about MGM that used to be a negative is now a positive,’ Cramer said.
“Almost 85 million shares of MGM Resorts were traded Monday, more than three times the average daily volume.
“He added that MGM Resorts’ CityCenter development, a 50-50 joint venture with Dubai World that opened last December, ‘was the poster child for everything that was wrong with Vegas at the worst time.'”
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