RRR - Lawrence Stephen Cootey Implements A Sell Strategy: Offloads $434K In Red Rock Resorts Stock | Benzinga
Making a noteworthy insider sell on February 27, Lawrence Stephen Cootey, EVP & Chief Financial Officer at Red Rock Resorts (NASDAQ:RRR), is reported in the latest SEC filing.
What Happened: Cootey's decision to sell 7,520 shares of Red Rock Resorts was revealed in a Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday. The total value of the sale is $434,234.
Red Rock Resorts shares are trading down 0.0% at $55.99 at the time of this writing on Wednesday morning.
About Red Rock Resorts
Red Rock Resorts Inc along with its subsidiary is a gaming, development, and management company. The company mainly develops strategically located casino and entertainment properties. It generates a majority of its revenue from Casino.
Financial Milestones: Red Rock Resorts's Journey
Positive Revenue Trend: Examining Red Rock Resorts's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 8.75% as of 31 December, 2023, showcasing a substantial increase in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among ...