MGM's Trading Volume Surges to $190 Million, Ranks 494th Despite Stock Price Decline

On June 13, 2025, MGM's trading volume reached $190 million, marking an 88.98% increase from the previous day. This surge placed MGM at the 494th position in terms of trading volume for the day. However, the stock price of MGM has been on a downward trend, falling 4.25% over the past three days, with a cumulative decline of 4.97%.

On June 13, 2025, Keith A. Meister, a director at MGM, sold 366 shares of the company, valued at approximately $11,895. This transaction was disclosed in a recent SEC filing and represented a minimal portion of his total holdings. Following this sale, Meister now owns 5,627,478 shares of MGM stock. This sale is part of a broader trend of insider trading activity at MGM, with insiders having traded the stock seven times in the past six months. Of these transactions, one was a purchase and six were sales.

Institutional investors have also been active in adjusting their positions in MGM stock. In the first quarter of 2025, 260 institutional investors added shares to their portfolios, while 465 reduced their holdings. Notable moves include Capital World Investors removing 6,563,431 shares, and GoldenTree Asset Management LP adding 4,477,282 shares. These transactions reflect the dynamic nature of institutional investment in MGM.

Members of Congress have also been involved in trading MGM stock. In the past six months, there has been one sale of MGM stock by a member of Congress, with Representative Susie Lee selling up to $15,000 worth of shares on March 14, 2025. This activity highlights the interest in MGM stock among high-profile investors.

Analysts have issued a mix of ratings for MGM stock in recent months. Six firms have issued buy ratings, while no firms have issued sell ratings. Notable ratings include those from Needham, Wedbush, Canaccord Genuity, Morgan Stanley, Jefferies, and Deutsche Bank, all of which have issued positive ratings for the stock. These ratings reflect a generally optimistic outlook on MGM's future performance.