MGM Resorts International (MGM) was Smart Insider's stock pick of the week after non-executive director Keith Meister bought $52 million in shares on Nov. 2.

Meister bought the shares through Corvex Management LP at $29.64 apiece, increasing his stake by 33%, Smart Insider said in a Wednesday note, describing the transaction as "very encouraging."

The purchase reversed a series of sales by Meister between 2021 and March 2026 that totaled $719 million, including his most recent sale at $34, Smart Insider said.

Smart Insider ranked MGM Resorts +1, indicating a strong positive signal.