Why insider trading matters?

Numerous studies have examined whether there is evidence that U.S. insiders systematically trade on private information despite the legal deterrence. The consensus appears to be that insider purchases (but not sales) tend to be followed by positive abnormal stock price performance, particularly for small growth stocks.

- Prof. B. Espen Eckbo, Dartmouth College
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
2022-08-25 Swartz Janet Director Buy 14,230 $35.05 $498,784 No
2022-08-23 IAC Inc. 10%-Owner Buy 51,100 $34.41 $1,758,351 No
2022-08-18 IAC Inc. 10%-Owner Buy 283,400 $35.27 $9,996,935 No
2022-08-16 IAC Inc. 10%-Owner Buy 279,800 $35.73 $9,996,840 No
2022-08-10 TAYLOR DANIEL J Director Sell 4,499 $34.41 $154,811 No
2022-06-13 SALEM PAUL J Director Buy 34,500 $28.92 $997,695 No
2022-05-25 SALEM PAUL J Director Buy 3,500 $31.25 $109,370 No
2022-04-20 HORNBUCKLE WILLIAM CEO AND PRESIDENT Sell 10,000 $43.00 $430,000 No
2022-04-01 HORNBUCKLE WILLIAM CEO AND PRESIDENT Sell 40,000 $42.16 $1,686,596 Yes
2022-04-21 SANDERS COREY IAN CHIEF OPERATING OFFICER Sell 896 $44.12 $39,534 No
2022-02-23 HERMAN ALEXIS Director Sell 3,250 $43.62 $141,765 No
2022-02-22 JAMMET MARY CHRIS Director Sell 8,440 $43.24 $364,946 No
2022-02-17 Swartz Janet Director Buy 5,628 $44.13 $248,387 No
2022-02-14 IAC/InterActiveCorp 10%-Owner Buy 4,500,000 $45.00 $202,500,000 No
2022-02-14 Meister Keith A. Director Sell 4,500,000 $45.00 $202,500,000 No
2022-01-03 SANDERS COREY IAN CHIEF OPERATING OFFICER Sell 40,000 $45.01 $1,800,432 No
2022-01-03 HORNBUCKLE WILLIAM CEO AND PRESIDENT Sell 60,000 $44.97 $2,697,978 No
2021-11-08 Meinert Todd SVP & Chief Accounting Officer Sell 6,000 $50.14 $300,840 No
2021-11-08 HERMAN ALEXIS Director Sell 3,200 $50.67 $162,134 No
2021-10-01 SANDERS COREY IAN CHIEF OPERATING OFFICER Sell 40,000 $44.15 $1,766,164 No
2021-10-01 HORNBUCKLE WILLIAM CEO AND PRESIDENT Sell 60,000 $43.78 $2,626,740 No
2021-09-23 SANDERS COREY IAN CHIEF OPERATING OFFICER Sell 10,000 $44.00 $440,000 No
2021-09-23 HORNBUCKLE WILLIAM CEO AND PRESIDENT Sell 10,000 $44.00 $440,000 No
2021-07-01 HORNBUCKLE WILLIAM CEO AND PRESIDENT Sell 50,000 $43.07 $2,153,350 No
2021-06-14 HERMAN ALEXIS Director Sell 3,750 $43.14 $161,757 No
2021-06-08 HORNBUCKLE WILLIAM CEO AND PRESIDENT Sell 20,000 $44.00 $880,000 No
2021-05-13 JAMMET MARY CHRIS Director Sell 5,000 $37.00 $185,001 No
2021-05-10 HERMAN ALEXIS Director Sell 7,500 $40.00 $300,000 No
2021-05-03 SANDERS COREY IAN CHIEF OPERATING OFFICER Sell 50,000 $41.43 $2,071,510 No
2021-05-03 Meinert Todd SVP & Chief Accounting Officer Sell 6,186 $41.26 $255,203 Yes

Insider Smart

Edesa Biotech, Inc. (EDSA) - President and CEO bought shares of EDSA in late May around $3, two weeks after their purchase, the stock jump to $9, very well timed buy.

Insider Smart

Planet Fitness, Inc (PLNT) - Our position in PLNT is also inspired by insider trading, if insiders are comfortable and confident buying around $50, it is an easy hold if you can pick it up at an even lower price. Our avg cost of the position is ~$40 and is now with 50% profit.