Red Rock Resorts Inc’s filing revealed that its Vice President FERTITTA LORENZO J acquired Company’s shares for reported $1.75 million on Aug 06 ’24. In the deal valued at $52.91 per share,33,000 shares were bought. As a result of this transaction, FERTITTA LORENZO J now holds 47,579,301 shares worth roughly $2.46 billion.
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Then, FERTITTA LORENZO J bought 33,000 shares, generating $1,642,377 in total proceeds. Upon buying the shares at $49.77, the Vice President now owns 47,546,301 shares.
Before that, FERTITTA FRANK J III bought 67,000 shares. Red Rock Resorts Inc shares valued at $3,545,104 were divested by the Chief Executive Officer at a price of $52.91 per share. As a result of the transaction, FERTITTA FRANK J III now holds 46,115,301 shares, worth roughly $2.39 billion.
Mizuho downgraded its Red Rock Resorts Inc [RRR] rating to a Neutral from a an Outperform in a research note published on November 25, 2024; the price target was decreased to $44 from $57. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in late July from “an Overweight” to “an Equal weight”. BofA Securities also remained covering RRR and has increased its forecast on May 13, 2024 with a “Neutral” recommendation from previously “an Underperform” rating. Mizuho started covering the stock on March 26, 2024. It rated RRR as “a Buy”.
Price Performance Review of RRR
On Monday, Red Rock Resorts Inc [NASDAQ:RRR] saw its stock jump 3.37% to $51.78. Over the last five days, the stock has gained 1.83%. Red Rock Resorts Inc shares have fallen nearly -1.20% since the year began. Nevertheless, the stocks have risen 18.32% over the past one year. While a 52-week high of $63.28 was reached on 04/04/24, a 52-week low of $42.63 was recorded on 05/29/24. SMA at 50 days reached $52.43, while 200 days put it at $54.68.
Levels Of Support And Resistance For RRR Stock
The 24-hour chart illustrates a support level at 50.53, which if violated will result in even more drops to 49.29. On the upside, there is a resistance level at 52.66. A further resistance level may holdings at 53.55. The Relative Strength Index (RSI) on the 14-day chart is 51.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 28.30%. Stochastics %K at 40.02% indicates the stock is a holding.
How much short interest is there in Red Rock Resorts Inc?
A steep rise in short interest was recorded in Red Rock Resorts Inc stocks on 2024-11-15, growing by 0.52 million shares to a total of 2.85 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 2.32 million shares. There was a rise of 18.35%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on January 18, 2024 when Barclays began covering the stock and recommended ‘”an Overweight”‘ rating along with a $60 price target.
