VICI Properties stock rises for second straight day
Updated
Updated · MarketWatch · May 6
VICI Properties stock rises for second straight day
7 articles · Updated · MarketWatch · May 6
The shares gained 1.34% to $28.65 on Wednesday, while the S&P 500 rose 1.46% and the Dow Jones Industrial Average added 1.24%.
Despite the advance, VICI underperformed the broader market in a strong trading session and remained 15.76% below its 52-week high of $34.01 reached on 5 August.
Trading volume was 5.7 million shares, 3.2 million below its 50-day average of 8.9 million, suggesting lighter-than-usual investor activity during the two-day rally.
Why is VICI's stock lagging despite record earnings and aggressive expansion?
With its casino empire growing, is VICI's next bet on sports infrastructure a winning move?