Mgm Resorts International (MGM) Files Form 4 Insider Selling : Corey Ian Sanders Sells 32,894 Shares

Mgm Resorts International (MGM): Corey Ian Sanders , CHIEF OPERATING OFFICER of Mgm Resorts International sold 32,894 shares on May 10, 2016. The Insider selling transaction was reported by the company on May 11, 2016 to the Securities and Exchange Commission. The shares were sold at $22.36 per share for a total value of $735,509.81 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 15, 2016, Roland A Hernandez (director) sold 12,285 shares at $21.06 per share price.On Mar 15, 2016, William Warwick Grounds (director) purchased 1,250 shares at $20.77 per share price.Also, On Mar 10, 2016, Phyllis James (EVP SPECIAL COUNSEL-LITIGATION) sold 18,520 shares at $20.30 per share price.On Mar 10, 2016, Corey Ian Sanders (CHIEF OPERATING OFFICER) sold 40,119 shares at $20.06 per share price.

MGM Resorts International: On Tuesday, May 10, 2016 heightened volatility was witnessed in MGM Resorts International which led to swings in the share price. The shares opened for trading at $21.91 and hit $22.66 on the upside , eventually ending the session at $22.58, with a gain of 3.34% or 0.73 points. The heightened volatility saw the trading volume jump to 54,57,698 shares. The 52-week high of the share price is $24.41 and the company has a market cap of $12,761 M . The 52-week low of the share price is at $16.18.

MGM Resorts International Money Flow Index Chart

Company has been under the radar of several Street Analysts.MGM Resorts International is Reiterated by Telsey Advisory Group to Outperform and the brokerage firm has raised the Price Target to $ 27 from a previous price target of $26 .The Rating was issued on May 6, 2016.MGM Resorts International is Resumed by Morgan Stanley to Overweight. The Rating was issued on May 6, 2016.MGM Resorts International is Reiterated by UBS to Buy and the brokerage firm has raised the Price Target to $ 28 from a previous price target of $27 .The Rating was issued on Mar 7, 2016.

MGM Resorts International is a holding company. Through its wholly owned subsidiaries the Company owns and operates casino resorts. The Company operates in two segments: wholly owned domestic resorts and MGM China. The wholly owned domestic resorts segment includes non-gaming operations including hotel food and beverage entertainment and other non-gaming amenities. Its casino operations feature a variety of table games and race and sports book wagering. It operates over 15 wholly owned resorts in the United States. The MGM China segment’s operations consist of the MGM Macau resort and casino (MGM Macau) and the development of a gaming resort in Cotai Macau. It owns and operates two resorts in Mississippi which includes Beau Rivage in Biloxi and Gold Strike Tunica. It also owns Shadow Creek Primm Valley Golf Club at the California/Nevada state line and Fallen Oak golf course in Saucier Mississippi.

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