Shares of MGM MIRAGE (MGM) Tumble 18% on Heavy Volume

January 14, 2009 3:48 PM EST

Shares of MGM MIRAGE (NYSE: MGM) are getting hammered today, currently down more than 18% to around $10.48. The stock is seeing about two times normal daily traffic, but we are not hearing any company-specific news that would justify today's unusual activity.

Since January 5, shares of MGM have fallen from over $16, notching a 35% decline in just seven trading days.

Elsewhere in the casino & gaming sector:

• Las Vegas Sands (NYSE: LVS) down 6% to $6.06
  
• Wynn Resorts (Nasdaq: WYNN) down 8.2% to $36.02
  
• Melco Crown Entertainment (Nasdaq: MPEL) down 6.5% to $3.18
  
• Trump Entertainment (Nasdaq: TRMP) down 15.4% to $0.22
  
• Pinnacle Entertainment (NYSE: PNK) down 4.3% to $6.71

MGM MIRAGE, through its subsidiaries, owns and operates casino resorts in the United States.

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