Auditor Favor & MGM Mirage Spike (MGM)
Posted in after-hoursJune 23rd, 2009
MGM Mirage (MGM) has spiked up in after-hours trading. At 5:12 PM EST we have shares having closed at $5.84 and the after-hours trading is up about 8.4% at $6.33. There has also been 1,121,322 million shares traded since the close of trading. That is highly unusual trading in the after-hours session. On review, its auditor has removed the old “going concern” from its report and thus given it more of an endorsement on its ability to operate. 52-week range is $1.81 to $39.50.
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