Why insider trading matters?

When insiders buy shares on the open market, this can thus be regarded as a strong endorsement by those that know the company the best -- they are literally betting their own money on the company's future. Insider selling, however, is not necessarily meaningful in any way, as there is a range of reasons for insiders to liquidate (some) of the shares they own.

- Seeking Alpha
MGM Resorts International (MGM)
Sector: Consumer Cyclical; Industry: Resorts & Casinos

MGM Resorts International, through its subsidiaries, owns and operates integrated casino, hotel, and entertainment resorts in the United States and Macau. The company operates through three segments: Las Vegas Strip Resorts, Regional Operations, and MGM China. As of March 22, 2020, its portfolio consisted of 29 hotel and destination gaming offerings. The company also owns and operates Las Vegas Strip Resorts, Primm Valley Golf Club, and Fallen Oak golf course. The company was formerly known as MGM MIRAGE and changed its name to MGM Resorts International in June 2010.


Trade Date Insider Title Buy/Sell #Shares Price Value Option
2020-09-01 McManus John EVP GENERAL COUNSEL AND SECY Sell 20,000 $22.84 $456,868 No
2020-08-21 McManus John EVP GENERAL COUNSEL AND SECY Sell 30,000 $21.23 $637,002 No
2020-08-14 TAYLOR DANIEL J Director Sell 1,637 $21.76 $35,629 No
2020-08-07 IAC/InterActiveCorp 10%-Owner Buy 9,705,785 $18.50 $179,537,941 No
2020-04-09 SPIERKEL GREGORY M Director Buy 5,000 $14.70 $73,500 No
2020-04-09 RAFIQ ATIF President, Commercial & Growth Buy 9,812 $15.35 $150,614 No
2020-04-09 HERMAN ALEXIS Director Buy 340 $14.64 $4,977 No
2020-04-03 SALEM PAUL J Director Buy 195,000 $10.39 $2,027,025 No
2020-04-01 SALEM PAUL J Director Buy 182,000 $10.87 $1,978,759 Yes
2020-04-01 Meister Keith A. Director Buy 100,000 $10.97 $1,097,130 No
2020-03-30 HORNBUCKLE WILLIAM PRESIDENT AND ACTING CEO Buy 8,500 $11.76 $99,960 Yes
2020-03-31 Meister Keith A. Director Buy 1,000,000 $11.94 $11,939,100 No
2020-03-30 JAMMET MARY CHRIS Director Buy 1,550 $12.00 $18,606 No
2020-03-31 SANDERS COREY IAN CHIEF FINANCIAL OFFICER Buy 24,991 $12.00 $299,885 No
2020-03-30 SALEM PAUL J Director Buy 340,000 $11.54 $3,922,376 No
2020-03-30 Meister Keith A. Director Buy 500,000 $11.33 $5,663,800 No
2020-03-31 HORNBUCKLE WILLIAM PRESIDENT AND ACTING CEO Buy 41,300 $12.02 $496,384 No
2020-02-20 MURREN JAMES CHAIRMAN & CEO Sell 689,000 $32.16 $22,161,626 No
2019-11-15 Meister Keith A. Director Buy 295,000 $31.21 $9,205,800 No
2019-11-04 Meister Keith A. Director Buy 79,000 $29.43 $2,324,867 No
2019-09-13 GAY MARY CHRISTINE Director Sell 5,200 $29.20 $151,856 No
2019-09-10 Mckinney-James Rose Director Sell 2,670 $28.15 $75,162 No
2019-08-22 RAFIQ ATIF President, Commercial & Growth Buy 8,761 $28.55 $250,097 No
2019-06-27 Meister Keith A. Director Buy 209,136 $27.99 $5,853,432 No
2019-06-25 Meister Keith A. Director Buy 380,651 $27.81 $10,587,728 No
2019-06-20 Meister Keith A. Director Buy 338,374 $27.84 $9,421,287 No
2019-06-17 Meister Keith A. Director Buy 431,850 $27.73 $11,977,125 Yes
2019-06-12 Meister Keith A. Director Buy 636,335 $27.76 $17,665,455 No
2019-06-07 Meister Keith A. Director Buy 2,874,578 $26.18 $75,244,709 No
2019-05-08 SALEM PAUL J Director Buy 800,000 $25.40 $20,322,240 No

Insider Smart

Carvana Co (CVNA) - One of the best timed insider buying in the crash is from GARCIA ERNEST C. II 10%-owner of CVNA. Bought at 45 and now with a 100%+ profit.

Insider Smart

Celldex Therapeutics, Inc. (CLDX) - Multiple insiders including President, EVP, CEO, CSO and Directors bought shares on Jun.9th, first time since 2018, this was very convincing and we initiated a position. Stock soared from $3 to 9$ in 2 days, and the run is still going on.