A Director at MGM Resorts International (NYSE: MGM) is Buying Shares

Today, a Director at MGM Resorts International (NYSE: MGM), Roland Hernandez, bought shares of MGM for $256.8k.

Hernandez increased his holding by 1150%. Following Hernandez’s last MGM Buy transaction on June 01, 2015, the stock climbed by 2.4%.

The company has a one year high of $25.39 and a one year low of $16.84. Currently, MGM Resorts has an average volume of 9M.

22 different firms, including Argus Research and Barclays, currently also have a Buy rating on the stock. Based on 7 analyst ratings, the analyst consensus is Strong Buy with an average price target of $26.00, reflecting a -14.6% downside. Starting in July 2015, MGM received 7 Buy ratings in a row.

Looking at blogger coverage of MGM, there is a 69% Bullish tendency on the stock, in relation to a 68% average bullish tendency within the Service sector.

In the last 30 days, insiders have sold $1.39M worth of MGM shares and purchased $256.8k worth of MGM shares. Over the last 3 months, the insider sentiment on MGM Resorts has been neutral based on 36 corporate insider transactions. This sentiment is higher than the average sector sentiment of insiders.

MGM Resorts International is a holding company. The Company through its wholly-owned subsidiaries, owns and operates casino resorts. Its offering includes; gaming, hotel, convention, dining, entertainment, retail and other resort amenities.