FOLLOW THE MONEY - EARLY SEPTEMBER INSIDER TRADING AT MGM (Owners of Mandalay Bay)

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9/5/2017 - MGM opens a $1Billion stock buyback program

https://www.streetinsider.com/Corporate+News/MGM+Resorts+%28MGM%29+...

9/8/2017 - CHAIRMAN & CEO James Murren Sold $10 million of Shares (294,150 shares at an average price of $34.08 a share)

https://www.gurufocus.com/news/563869/mgm-resorts-international-mgm...

Other top level management also divested en masse:

  • EXECUTIVE VICE PRESIDENT & CFO Daniel D'arrigo sold 30,318 shares of MGM stock on 09/07/2017 at the average price of $34.12. $1-million!

  • EVP GENERAL COUNSEL AND SECY John Mcmanus sold 5,273 shares of MGM stock on 09/08/2017 at the average price of $33.7. $177k

  • Director Rose Mckinney-james sold 3,097 shares of MGM stock on 09/06/2017 at the average price of $33.83. $104k

  • CHIEF OPERATING OFFICER Corey Ian Sanders sold 16,446 shares of MGM stock on 09/06/2017 at the average price of $33.63. $554k

  • EVP - CHIEF ACCOUNTING OFFICER Robert Selwood sold 40,325 shares of MGM stock on 09/06/2017 at the average price of $33.86 $1.36-MILLION!

Total of $13-MILLION IN OFFLOADED STOCKS IN MGM IN EARLY SEPTEMBER

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