Aeropostale, Inc (NYSE:ARO) shares down by 10.44%, MGM Resorts International (NYSE:MGM)

Posted by Beth Hart May 28, 2013 0 Comment 1869 views


Aeropostale, Inc (NYSE:ARO): In Friday’s trading session, Aeropostale, Inc (NYSE:ARO) dipped 10.44%. Its opening price of $15.35 rose to touch an intraday high of $15.67which eventually headed down to close at $14.56 per share. Over 7.79 million shares exchanged hands in the last trading session. This number stood above the average volume of 2.53 million that was measured over a 30-day period.

Aeropostale, Inc (NYSE:ARO) is a mall-based, specialized retailer of accessories and casual apparel. The company primarily targets 14-17 year-old girls and boys via its Aeropostale stores and 4-12 year-old kids via its P.S. from Aeropostale stores.  The P.S. from Aeropostale products can be bought from certain Aeropostale stores, P.S. from Aeropostale and online via www.ps4u.com. As of 28 January 2012, the company operated 986 Aeropostale stores. These consisted of 918 stores across 50 states and in Puerto Rico, 68 stores situated in Canada and 71 P.S. from Aeropostale stores across 20 states. In addition to this, it operated 14, P.S. from Aeropostale and Aeropostale stores in South East Asia and the Middle East.

MGM Resorts International (NYSE:MGM): In Friday’s trading session, MGM Resorts International (NYSE:MGM) closed at 14.93%. Its opening price of $14.83 rose to touch an intraday high of $14.99 which eventually headed down to close at $14.70 per share. Over 7.65 million shares exchanged hands in the last trading session. This number stood below the average volume of 11.56 million that was measured over a 30-day period.

MGM Resorts International (NYSE:MGM) is a hospitality holding company. Its primary business is owning and operating casino resorts. This includes offering hotel, gaming, dining, convention, retail entertainment, and other resort amenities. MGM operates in two segments: wholly-owned domestic resorts and MGM China. It operates 15 wholly-owned resorts in the U.S. MGM China’s operations include the MGM Macau resort and casino. All of MGM Resorts International (NYSE:MGM)’s casino resorts operate 24-hours a day, every single day of the year. The only exception is Grand Victoria. It operates 22-hours a day, 365 days every year. At the domestic resorts that are wholly-owned by MGM Resorts International (NYSE:MGM), the company’s main hotel and casino operations are owned as well as managed by MGM.


About Beth Hart

Beth is from New York. She has two master’s degrees and served as a lecturer in B-School. Her master’s degree is an MBA in Global Management from the University of Phoenix (2010). She has worked for small businesses, public agencies, and large corporations. She does write articles as a freelancer.

View all post by Beth Hart

Write Your Comment