Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Red Rock Resorts Inc shares valued at $1,746,096 were purchased by FERTITTA LORENZO J on Aug 06 ’24. At $52.91 per share, FERTITTA LORENZO J acquired 33,000 shares. The insider’s holdings grew to 47,579,301 shares worth approximately $2.09 billion following the completion of this transaction.
Also, FERTITTA LORENZO J purchased 33,000 shares, netting a total of over 1,642,377 in proceeds. Following the buying of shares at $49.77 each, the insider now holds 47,546,301 shares.
Before that, FERTITTA FRANK J III had added 67,000 shares to its account. In a trade valued at $3,545,104, the Chief Executive Officer bought Red Rock Resorts Inc shares for $52.91 each. Upon closing the transaction, the insider’s holdings increased to 67,000 shares, worth approximately $2.03 billion.
As published in a research note from Jefferies on January 03, 2025, Red Rock Resorts Inc [RRR] has been rated down from a Buy to a Hold and the price target has been revised to $51 from $64. Analysts at Mizuho downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in late November. As of July 24, 2024, Wells Fargo has decreased its “an Overweight” rating to a “an Equal weight” for RRR. Earlier on May 13, 2024, BofA Securities upgraded its rating. Their new recommendation was “a Neutral” for RRR stock which previously was a “an Underperform”.
Analyzing RRR Stock Performance
During the last five days, there has been a drop of approximately -4.97%. Over the course of the year, Red Rock Resorts Inc shares have dropped approximately -4.97%. Shares of the company reached a 52-week high of $46.59 on 01/02/25 and a 52-week low of $43.64 on 01/03/25. A 50-day SMA is recorded $49.53, while a 200-day SMA reached $53.49. Nevertheless, trading volume fell to 0.53 million shares from 0.27 million shares the previous day.
Support And Resistance Levels for Red Rock Resorts Inc (RRR)
According to the 24-hour chart, there is a support level at 43.69, which, if violated, would cause prices to drop to 43.45. In the upper region, resistance lies at 44.31. The next price resistance is at 44.68. RSI (Relative Strength Index) is 29.57 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.87, which suggests the price will decrease in the coming days. Percent R is at 93.82%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
