high
Buy
58,900 shares
$1,986,444
Significance
7/10
CEO William Hornbuckle bought 58,900 MGM shares at $33.73; cluster of 3 insiders buying within 14 days as stock down 28.1% from 52-week high.
CEO William Hornbuckle purchased 58,900 shares at $33.73 on 2024-08-05, increasing his holdings by 18.5% to 377,112 shares post-transaction. This buy occurs as MGM trades at -28.1% from its 52-week high of $49.26 and has declined 17.8% over the past 30 days. Notably, 2 other insiders also bought within the past 14 days, creating a cluster buy pattern. The company maintains solid fundamentals with $4.3B quarterly revenue, 23.1% annual revenue growth, and a 12.25 P/E ratio, suggesting the decline may present a buying opportunity to senior management despite near-term weakness.