MGM China (OTCMKTS:MCHVF) Stock Price Down 10.6% – Should You Sell?

MGM China Holdings Limited (OTCMKTS:MCHVF – Get Free Report) shares fell 10.6% during trading on Tuesday . The stock traded as low as $1.61 and last traded at $1.61. 6,070 shares changed hands during trading, an increase of 259% from the average session volume of 1,691 shares. The stock had previously closed at $1.80.

MGM China Price Performance

The firm’s 50 day simple moving average is $1.97 and its 200-day simple moving average is $1.95.

About MGM China

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MGM China Holdings Limited operates as an integrated resort developer, owner and operator in the Macau Special Administrative Region. A subsidiary of MGM Resorts International, the company develops and manages large-scale casino hotel properties that combine gaming facilities with entertainment, dining, retail and convention amenities. MGM China’s flagship properties include MGM Macau—launched in 2007 on the Macau Peninsula—and the more recent MGM Cotai, which opened in February 2018 on the Cotai Strip, offering expanded gaming floors, signature luxury accommodations and bespoke entertainment venues.

The company’s core business activities center on gaming operations, hotel management and ancillary services such as food and beverage, retail concessions, convention and exhibition space, and live performance and entertainment production.

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