Friday, August 11, 2017 10:15 PM ET
Insider Selling at MGM Resorts International (MGM) Continues with Significant Sale
A filing with the SEC today revealed a notable insider sale of MGM Resorts International shares as — James Murren, Director and Officer — disposed of 57,269 shares in the company having a market value of approximately $1,806,505. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 16,745 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 74,014 shares and have averaged 18,504 shares per transaction over this time period.
In relation to the peer group over the last 90 days, insider buy/sell trading at MGM Resorts International is greater than the 11-company peer group average. Casinos peer group saw 5 buy/sell trades during this period for an average of 0.5 transactions per company. The number of shares per buy/sell trade for MGM Resorts International insiders was also higher. Within the peer group there were 0 shares purchased and 27,895 shares sold with company insiders disposing of 5,579 shares on average.
Significant insider buying and selling activity has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in data sourced in creating and writing this story.
Using proprietary artificial intelligence methods, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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