Largest Insider Trades of the Week

Insiders increase holdings of MGM Resorts, dump shares of BioDelivery Sciences

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Jun 14, 2019
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The GuruFocus All-in-One Screener can be used to find insider trades from the past week. Under the Insiders tab, change the settings for All Insider Buying to “$200,000+,” the duration to “June 2019” and All Insider Sales to “$200,000+.”

According to these filters, the following are trades from company insiders this week.

Director Keith A. Meister bought 636,335 shares of MGM Resorts International (MGM, Financial) for an average price of $27.76 per share on June 12.

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The American resort operator has a market cap of $14.88 billion and an enterprise value of $32.82 billion. It has insider ownership of 0.27% and institutional ownership of 94.32%.

Over the last 12 months, the stock has fallen 11% and is trading 12.51% below its 52-week high and 28.15% above its 52-week low.

Heng Fai Ambrose Chan, director and 10% owner of Document Security Systems Inc. (DSS, Financial), bought 2 million shares for an average price of 50 cents per share on June 10.

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The company, which is engaged in the security and commercial printing and packaging markets, has a market cap of $7.94 million and an enterprise value of $8.98 million. It has institutional ownership of 31.03% and an insider ownership of 3.81%.

Over the past 12 months, the stock price has fallen 67% and is now trading 77.84% below its 52-week high and 0.23% above its 52-week low.

PDL Biopharma Inc., 10% owner of Evofem Biosciences Inc. (EVFM, Financial), bought 6.6 million shares for an average price of $4.50 per share on June 10.

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The biotechnology company has a market cap of $301.18 million and an enterprise value of $305.01 million. It has insider ownership of 7.57% and institutional ownership of 82.64%.

Over the last 12 months, the stock price has risen 101% and is trading 8.32% below its 52-week high and 270.80% above its 52-week low.

Most important insider sales

Mark A Sirgo, director of BioDelivery Sciences International Inc. (BDSI, Financial), sold 484,752 shares for an average price of $4.22 per share on June 12.

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The company, which provides pain management and addiction medicine, has a market cap of $378.45 million and an enterprise value of $389.41 million. It has insider ownership of 9.89% and institutional ownership of 66.1%.

Over the last 12 months, the stock has risen 49%. It is trading 19.51% below its 52-week high and 84.04% above its 52-week low.

Michael Mente, MMMK Development Inc., Michael Karanikolas, TSG6 L.P., Hadley Mullin and Jennifer Baxater Moser sold a combined 23.92 million shares of Revolve Group Inc. (RVLV, Financial) for an average price of $18 per share on June 11.

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The company’s market cap and enterprise value are both $859.06 million.

Over the last 12 months, the stock has gained 7% and is now trading 18.45% below its one-month high and 45.40% above its one-month low.

Legacy Reserves Inc.'s (LGCY, Financial) 10% owner, Baines Creek Capital LLC, sold 11.98 million shares for an average price of 11 cents per share on June 11.

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The company, which acquires and develops oil and natural gas properties, has a market cap of $13.38 million and an enterprise value of $1.31 billion. It has an institutional ownership of 32.32% and an insider ownership of 8.93%.

Over the last 12 months, the stock has fallen 98%. It is currently trading 98.43% below its 52-week high and 41.21% above its 52-week low.

Disclosure: I do not own any stocks mentioned.

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