Monday 6/10 Insider Buying Report: MGM, ENT (Nasdaq.com)
On Friday, MGM Resorts International (MGM)’s Director, Keith A. Meister, made a $75.24M purchase of MGM, buying 2,874,578 shares at a cost of $26.18 each. Meister was up about 5.3% on the buy at the high point of today’s trading session, with MGM trading as high as $27.57 at last check today. MGM Resorts International is trading up about 4.8% on the day Monday. And on Wednesday, Director Eric Louis Zinterhofer purchased $1.5M worth of Global Eagle Entertainment (ENT), purchasing 5,000,000 shares at a cost of $0.30 each. This buy marks the first one filed by Zinterhofer in the past twelve months. Global Eagle Entertainment is trading off about 1.3% on the day Monday. Zinterhofer was up about 113.2% on the purchase at the high point of today’s trading session, with ENT trading as high as $0.64 in trading on Monday.
Insiders Roundup: Walmart, AXA (Guru Focus)
Most important insider sales: AXA, 10% owner of AXA Equitable Holdings Inc. (EQH), sold 40 million shares for an average price of $20.85 per share on June 7. The insurance company has a market cap of $10.25 billion. It has insider ownership of 0.1% and institutional ownership of 60.59%. Over the last 12 months, the stock has declined 1.83%. It is trading 10.08% below its 52-week high and 41.78% above its 52-week low. Alice L. Walton and Jim C. Walton, 10% owners and S. Robson Walton, Director and 10% owner, and the Executive Vice President Gregory S. Foran, sold a combined 3,044,478 shares of Walmart Inc. (WMT), for an average price of $105.33 per share on June 7.
Continental Resources Inc (CLR) CEO & Chairman Harold Hamm Bought $1.5 million of Shares (Guru Focus)
CEO & Chairman of Continental Resources Inc (NYSE:CLR) Harold Hamm bought 38,600 shares of CLR on 06/06/2019 at an average price of $38.76 a share. The total cost of this purchase was $1.5 million. Continental Resources Inc is an independent crude oil and natural gas exploration, and production company. The company operates primarily in the Williston Basin and in southern Oklahoma. Continental Resources Inc has a market cap of $14.66 billion; its shares were traded at around $38.92 with a P/E ratio of 15.44 and P/S ratio of 3.10. Continental Resources Inc had annual average EBITDA growth of 17.80% over the past ten years.
The EVP & CFO of Caci International (NYSE: CACI) is Selling Shares (Analyst Ratings)
Today, the EVP & CFO of Caci International Inc (CACI), Thomas Mutryn, sold shares of CACI for $412K. Following Thomas Mutryn’s last CACI Sell transaction on September 05, 2018, the stock climbed by 9.5%. In addition to Thomas Mutryn, 3 other CACI executives reported Sell trades in the last month. Based on Caci International’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.26 billion and quarterly net profit of $68.15 million. In comparison, last year the company earned revenue of $1.12 billion and had a net profit of $64.5 million. CACI’s market cap is $5.17B and the company has a P/E ratio of 19.73. Currently, Caci International has an average volume of 84.78K.
Notable Insider Buys This Past Week: American Airlines, MGM and More (Benzinga.com)
Below is a look at a few notable insider purchases reported in the past week, but also note that insiders at Freeport-McMoRan Inc FCX 2.03% and Revlon Inc REV 0.13% made some noteworthy buys as well. Immunomedics: Immunomedics, Inc. IMMU 0.93% saw its executive board chair Behzad Aghazadeh indirectly purchase more than 1.53 million more shares of this biopharmaceutical company. At prices ranging from $11.97 to $12.47 per share, that cost him more than $18.74 million. Note that Aghazadeh also acquired 750,000 shares back in May. With a stake now of 20 million shares, he is a beneficial owner.
Sebi Suggests Rs 1 Crore for Whistle-blowers Who Expose Insider Trading (Business-standard.com)
The Securities and Exchange Board of India (Sebi) on Monday proposed a mechanism to formalise the process of receiving information from whistle-blowers who expose insider trading violations. It also suggested measures to protect and award such informants. The monetary reward would be considered under certain conditions. For instance, the monies disgorged should be at least Rs 5 crore.
