MGM Resorts International Stock Pick of the Week at Smart Insider Following Non-Executive Director Share Purchase
MT Newswires Live11-11 22:36
MGM Resorts International (MGM) was Smart Insider's stock pick of the week after non-executive director Keith Meister bought $52 million in shares on Nov. 2.
Meister bought the shares through Corvex Management LP at $29.64 apiece, increasing his stake by 33%, Smart Insider said in a Wednesday note, describing the transaction as "very encouraging."
The purchase reversed a series of sales by Meister between 2021 and March 2026 that totaled $719 million, including his most recent sale at $34, Smart Insider said.
Smart Insider ranked MGM Resorts +1, indicating a strong positive signal.
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