What Did This CEO Just Do with Personal Shares of Scientific Games (NASDAQ: SGMS)?

By Carrie Williams

Today, the President & CEO of Scientific Games (NASDAQ: SGMS), Michael Gavin Isaacs, sold shares of SGMS for $3.82M.

Following Michael Gavin Isaacs’ last SGMS Sell transaction on June 10, 2016, the stock climbed by 11.0%.

Based on Scientific Games’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $752 million and GAAP net loss of $111 million. In comparison, last year the company earned revenue of $737 million and had a GAAP net loss of $128 million. The company has a one year high of $23.05 and a one year low of $7.90. Currently, Scientific Games has an average volume of 1.52M.

Three different firms, including Merrill Lynch and Deutsche Bank, currently also have a Sell rating on the stock.

In the last 30 days, insiders have sold $3.82M worth of SGMS shares and purchased $1.38M worth of SGMS shares. The insider sentiment on Scientific Games has been neutral according to 61 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.

Michael Gavin Isaacs’ trades have generated a 16.0% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Scientific Games Corp. engages in the development of technology-based products and services; and associated for worldwide gaming, lottery, and interactive markets. Its portfolio includes instant and draw-based lottery games; gaming machines and game content; server-based lottery and gaming systems; sports betting technology; loyalty and rewards programs; and interactive products and services. It operates its business through the following segments: Gaming, Lottery and Interactive. The Interactive business segment is comprised solely of their instant products operating segment, which provides instant lottery games and related value-added services, as well as licensed brands that are printed on instant lottery games and other promotional lottery products. The Lottery Systems business segment is comprised solely of their lottery systems operating segment, which provides products and services generally comprised of a central system, customized computer software, data communication services, support and/or related equipment to lottery operators. The Gaming business segment includes their gaming operating segment, which generally sells new and used gaming machines, conversion kits and parts, and leases or otherwise provides gaming machines, server-based systems and content, to commercial, tribal and governmental gaming operators. The company was founded on July 2, 1984 and is headquartered in Las Vegas, NV.