A Major Shareholder at Scientific Games (NASDAQ: SGMS) is Selling Shares

By Carrie Williams

Yesterday, a Major Shareholder at Scientific Games (SGMSResearch Report), Ronald Perelman, sold shares of SGMS for $131.6M.

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Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $28.33, reflecting a 23.8% upside.

The insider sentiment on Scientific Games has been negative according to 41 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Scientific Games Corp. engages in the development of technology-based products and services and associated content. It operates through the following business segments: Gaming, Lottery, and SciPlay and Digital. The Gaming segment designs, develops, manufactures, markets, and distributes a comprehensive portfolio of gaming products and services. The Lottery segment comprises of system-based services and product sales business, and instant games business. The SciPlay segment developes and publishes digital games on mobile and web platforms. The Digital Segment provides a comprehensive suite of digital gaming and sports wagering solutions and services, including digital RMG and sports wagering solutions, distribution platforms, content, products and services. The company was founded on July 2, 1984 and is headquartered in Las Vegas, NV.