Categories: OLD Media Moves

CNBC show boosts MGM Resorts stock

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.

Stutz writes, “Shares of the casino operator closed at $12.92 on the New York Stock Exchange Monday, up 81 cents or 6.69 percent after Cramer touted the Strip casino giant on his CNBC show ‘Mad Money’ on Friday.

“‘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.'”

Read more here.

Recent Posts

CNBC taps Sullivan as “Power Lunch” co-anchor

CNBC senior vice president Dan Colarusso sent out the following on Monday: Before this year comes to…

20 hours ago

Business Insider hires Brooks as standards editor

Business Insider editor in chief Jamie Heller sent out the following on Monday: I'm excited to share…

20 hours ago

Is this the end of CoinDesk as we know it?

Former CoinDesk editorial staffer Michael McSweeney writes about the recent happenings at the cryptocurrency news site, where…

1 day ago

LinkedIn finance editor Singh departs

Manas Pratap Singh, finance editor for LinkedIn News Europe, has left for a new opportunity…

3 days ago

Washington Post announces start of third newsroom

Washington Post executive editor Matt Murray sent out the following on Friday: Dear All, Over the last…

4 days ago

FT hires Moens to cover competition and tech in Brussels

The Financial Times has hired Barbara Moens to cover competition and tech in Brussels. She will start…

4 days ago