MGM Resorts Sees Director’s Hedge Fund Corvex Management Bump Up Shares (Casino.org)
MGM Resorts International Director Keith Meister’s Corvex Management recently added to its stake in the gaming operator that owns the Bellagio and 13 other Las Vegas Strip casinos and hotels. Corvex Management, a New York-based activist hedge fund, paid $75.2 million to purchase another 2.87 million shares of MGM from June 5 through June 7, bringing the firm’s total investment in the casino operator to 18.56 million shares, or 3.5 percent of the company’s shares outstanding.
A Director at VolitionRX (NYSE MKT: VNRX) is Buying Shares (Analyst Ratings)
Today, a Director at VolitionRX (VNRX), Martin Charles Faulkes, bought shares of VNRX for $213.6K. This recent transaction increases Martin Charles Faulkes’ holding in the company by 4.14% to a total of $5.48 million. Currently, VolitionRX has an average volume of 35.56K. The Company has a Price to Book ratio of 7.7075.
Wednesday 6/12 Insider Buying Report: CSCO, NVRO (Nasdaq.com)
On Friday, Cisco Systems (CSCO)’s Director, Wesley G. Bush, made a $557,404 buy of CSCO, purchasing 10,000 shares at a cost of $55.74 each. So far Bush is in the green, up about 1.5% on their purchase based on today’s trading high of $56.59. Cisco Systems is trading down about 1.2% on the day Wednesday. This buy marks the first one filed by Bush in the past twelve months. And also on Friday, Director Elizabeth H. Weatherman purchased $500,981 worth of Nevro Corp (NVRO), purchasing 8,183 shares at a cost of $61.22 a piece. Nevro Corp is trading off about 0.8% on the day Wednesday. So far Weatherman is in the green, up about 3.5% on their buy based on today’s trading high of $63.34.
Himes Bill Aims at Legal Definition of ‘Insider Trading’ to Protect Prosecutions (CTPost.com)
WASHINGTON – As part of the Wall Street family, Connecticut’s burgeoning financial services industry has gone through its share of nail-biting over insider trading _ a crime whose parameters are defined more in court decisions than actual law. But now, Rep. Jim Himes, himself a veteran of 12 years at Goldman Sachs, is seeking to change all that. His “Insider Trading Protection Act” is an effort to clear up the ambiguity over when a “tipper” (a person with inside business information) and a “tippee” (the person receiving and acting on it) cross the line from workaday banter to a criminal conspiracy.
A Director at QAD Inc (NASDAQ: QADA) is Selling Shares (Analyst Ratings)
Today, a Director at QAD Inc (QADA), Leslie Stretch, sold shares of QADA for $168.8K. QADA’s market cap is $965.5M and the company has a P/E ratio of 801.14. Currently, QAD Inc has an average volume of 10.95K.
