MGM

In the past six months (April 2026 - October 2026), a significant event impacting MGM Resorts International's stock price was the withdrawal of a takeover offer by Barry Diller's People Inc. On June 1, 2026, People Inc. offered $48.30 per share for the MGM shares it did not already own. This offer represented about a 10% premium to MGM's closing price on May 29, and the stock briefly traded above $50. However, on September 23, 2026, Diller's firm withdrew its non-binding proposal, reportedly due to concerns about deal financing and debt, rather than issues with MGM's core business. Following this withdrawal, MGM's stock price fell sharply, dropping nearly 11% in a single session to $33.69 and continuing to decline, trading near $30.40 by October 1, 2026. The stock was down approximately 17% in 2026, with most of this decline occurring since June. By October 9, 2026, MGM was on track for its 15th consecutive weekly decline, marking its longest losing streak.