Mgm Resorts International (MGM) Files Form 4 Insider Selling : Mary Christine Gay Sells 5,300 Shares

Mgm Resorts International (MGM): Mary Christine Gay , director of Mgm Resorts International sold 5,300 shares on Jun 14, 2016. The Insider selling transaction was reported by the company on Jun 14, 2016 to the Securities and Exchange Commission. The shares were sold at $23.89 per share for a total value of $126,617.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 2, 2016, Rose Mckinney-james (director) sold 2,948 shares at $23.33 per share price.On May 25, 2016, John Mcmanus (EVP GENERAL COUNSEL AND SECY) sold 4,116 shares at $22.88 per share price.Also, On May 25, 2016, Corey Ian Sanders (CHIEF OPERATING OFFICER) sold 33,090 shares at $22.63 per share price.On May 23, 2016, William Hornbuckle (PRESIDENT) sold 30,354 shares at $21.51 per share price.

Shares of MGM Resorts International (MGM) ended Friday, Jun 10, 2016 session in red amid volatile trading. The shares closed down -0.54 points or -2.15% at $24.55 with 64,72,255 shares getting traded. Post opening the session at $24.76, the shares hit an intraday low of $24.54 and an intraday high of $24.88 and the price vacillated in this range throughout the day. The company has a market cap of $13,875 M and the number of outstanding shares has been calculated to be 56,51,53,750 shares. The 52-week high of MGM Resorts International is $25.29 and the 52-week low is $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 Stifel to Buy and the brokerage firm has raised the Price Target to $ 30 from a previous price target of $27 .The Rating was issued on Jun 9, 2016.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 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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