Bargain Hunters Take Note: Insider Cluster-Buying At MGM
August 07, 2024 at 10:46 AM EDT
A particularly strong insider buying signal is what we call a "cluster-buy" where three or more different insiders make open market purchases within a short period of one another. At MGM Resorts International (MGM), 3 different insiders purchased 216,400 shares at an average price of $33.79/share, for a total of $7.31M, with the most recent purchase on August 5, 2024.
