COINCIDENCE? MANDALAY CEO SELLS 1/2 MILLIONS SHARES MGM 24Tth SEPT!

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On Thursday, September 7th, James Murren sold 259,760 shares of MGM Resorts International stock. The stock was sold at an average price of $34.19, for a total transaction of $8,881,194.40.

On Wednesday, August 9th, James Murren sold 57,269 shares of MGM Resorts International stock. The shares were sold at an average price of $31.54, for a total transaction of $1,806,264.26.

On Monday, July 31st, James Murren sold 57,269 shares of MGM Resorts International stock. The shares were sold at an average price of $33.05, for a total transaction of $1,892,740.45.

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Shares of MGM Resorts International (NYSE:MGM) opened at 32.38 on Friday. The company’s 50-day moving average is $31.97 and its 200-day moving average is $30.74. MGM Resorts International has a 52-week low of $24.78 and a 52-week high of $34.65. The firm has a market cap of $18.62 billion, a P/E ratio of 19.17 and a beta of 1.48.
MGM Resorts International (NYSE:MGM) last announced its quarterly earnings data on Thursday, July 27th. The company reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.03. The firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.67 billion. MGM Resorts International had a return on equity of 7.97% and a net margin of 9.26%. The business’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period last year, the company posted $0.29 EPS. Equities research analysts forecast that MGM Resorts International will post $1.29 earnings per share for the current fiscal year.

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