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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