Two insiders at MGM Resorts International (MGM) have recently acquired a significant stake in the company. On March 23rd and 24th, 2026, IAC Inc., identified as a 10% owner, purchased a combined total of 1,000,000 shares. These transactions represent a total investment of approximately $37.22 million.
The purchases were executed across two separate transactions, with 550,000 shares bought at an average price of $37.30 per share, and an additional 450,000 shares acquired at $37.13 per share. This cluster buying activity, where multiple insiders purchase shares concurrently, is often interpreted as a strong bullish signal by market observers.
This insider buying activity comes amidst broader market conditions and follows a sale of shares by another insider, Keith A. Meister, earlier in March. Such substantial insider purchases can indicate a positive outlook on the company's future performance from key stakeholders.