MGM Resorts International Stock: 5 Straight Red Days, Down 19%
A five-day slide has erased significant value from the stock, raising questions about its fundamentals and market momentum.
A five-day losing streak in MGM Resorts International (MGM) stock has erased about $1.9 billion from the company’s market value. The cumulative loss over this period is 19%, bringing its market capitalization to about $8.0 billion.
For anyone holding the stock, this move has deepened recent losses. MGM Resorts International stock trades at about $31.52 a share as of 9/29/2026.
MGM Versus The S&P 500, Streak And Beyond
Here is how MGM stock stacks up against the S&P 500 over the streak and the periods around it:
| Return Period | MGM | S&P 500 |
|---|---|---|
| 1D | -1.1% | -0.2% |
| 5D (Current Streak) | -19.0% | -1.2% |
| 1M (21D) | -25.4% | -0.5% |
| 3M (63D) | -34.1% | 2.3% |
| YTD 2026 | -13.6% | 12.1% |
| 2025 | 5.3% | 16.4% |
| 2024 | -22.4% | 23.3% |
| 2023 | 33.3% | 24.2% |
The stock’s slide is its own, but the business case is mixed.
The recent decline is specific to the stock, not the broader market. Over the same 5 trading days, the S&P 500 returned -1.2%. While notable, such streaks are not unique right now; 22 other S&P 500 stocks are currently on losing streaks of 5 days or more. The sources for this note do not show why the stock has moved.
The company’s fundamentals present a divided picture. Revenue over the last twelve months grew 3.2% and its operating margin is 6.5%, both below the medians for S&P 500 Consumer Discretionary stocks. However, its free cash flow yield is 18.7%.
A streak is a signal to check the underlying business.
A streak is not an instruction to act. It is new information, signaling that a stock has captured the market’s attention and that momentum is at play. The disciplined response is to revisit the business itself and decide if the story still holds at the new price.
The numbers here provide a starting point for that work, framing the stock’s recent performance against its financial metrics. The core question is whether the current price reflects the company’s underlying value.
A slide like this poses an obvious follow-up: which marked-down stocks are actually worth buying? Our Buy the Dip screen runs that test every day, flagging beaten-down names whose fundamentals still hold up.
And for anyone who would rather back the theme than one company’s story, our ETF Scorecard shows how the consumer discretionary funds stack up. Any one of those funds is still a concentrated bet on that one theme, though, which is exactly the gap the portfolio below closes.
Weakness In One Name Should Be Noise, Not News
For a diversified holder, a streak like this is a data point. For a concentrated one, it is a hole in the plan. The difference is never the stock; it is the portfolio built around it.
Building that portfolio is what the Trefis High Quality (HQ) Portfolio does: roughly 30 businesses with the cash generation and balance-sheet strength to absorb a bad month, selected and rebalanced by rules. It has a track record of outpacing a benchmark that combines the three major indices – the S&P 500, S&P Mid-cap, and Russell 2000. Make the next streak, in either direction, someone else’s drama.