The AGEM Index, published by the Association of Gaming Equipment Manufacturers to follow the stocks of gaming suppliers, increased by 59.31 points in November to 905.95, a 7 percent improvement over October. Compared to one year ago, the index was down 54.24 points, or 5.6 percent.
In November, eight of the 12 AGEM Index companies reported stock price increases, resulting in 10 positive contributions to the AGEM Index and two negative contributions.
The largest positive contribution was from International Game Technology PLC, whose 22.4 percent increase in stock price led to a 21.62-point gain in the index. Light & Wonder Inc. recorded a 15.4 percent increase in stock price and an 18.32-point increase to the index.
The largest negative contribution to the index was sourced to Everi Holdings Inc., whose 11.9 percent decrease in stock price resulted in a 3.5-point loss for the AGEM Index.
All three major U.S. stock indices experienced month-over-month increases in November, marking the second consecutive month of across-the-board increases. The Dow Jones Industrial Average increased by 5.7 percent over October, while the S&P 500 grew by 5.4 percent and the NASDAQ rose 4.4 percent.
