Friday, September 08, 2017 10:15 PM ET
MGM Resorts International (MGM) Insiders Make Significant Share Sales Extending the Trend of Last Quarter
SEC filings today revealed notable insider sales of MGM Resorts International shares as two insiders — James Murren, Director and Officer, and John McManus, Officer — disposed of 299,423 shares in the company having a market value of approximately $10,201,727. There have been 3 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 64,014 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 363,437 shares and have averaged 72,687 shares per transaction over this time period.
Relative to its peers over the last 90 days, insider buy/sell trading at MGM Resorts International is above the 12-company peer group average. Casinos peer group saw 4 buy/sell trades during this period for an average of 0.3 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 4,675 shares purchased and 64,014 shares sold with company insiders having sold 14,835 shares on average.
The data obtained in composing and writing in this story eliminates 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.
Today’s Insider Activity
* James Murren, Director and Officer, sold 294,150 shares
* John McManus, Officer, sold 5,273 shares
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