Amazon, MGM Studios Rumor Creates Confusion, Leads to Pop in MGM Resorts Stock
Amazon (NASDAQ:AMZN) is rumored to be in talks to acquire MGM — the picture studio, not the gaming company. But muddiness o'er nearly similar fellowship names sent MGM Resorts International (NYSE:MGM) gunstock soaring tardily Monday. As the chart below indicates, bewildered traders sent shares of the largest operator on…