MGM Mirage (MGM) plunged more than 5% on Friday after a KeyBanc Capital Markets analyst downgraded the stock to a Hold rating. The stock gapped down at the open and continued to drift lower through out most of the day. Shares of MGM close down $2.02 at $34.58 on heavier than average volume.
With the decline, the stock extended a more than a month long downtrend to close at a new low for the year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.