In a recent transaction, Elaine Guidroz, the SVP Secretary and General Counsel of Full House Resorts Inc (NASDAQ:FLL), sold shares of the company's common stock. On May 17, 2024, Guidroz sold 4,625 shares at an average price of $5.3, resulting in a total sale amount of approximately $24,512.
The sale came on the same day Guidroz acquired 4,625 shares through the exercise of options at a price of $1.51 per share, totaling $6,983. This exercise of options and subsequent sale of shares is a common practice among executives, allowing them to benefit from their company's performance.
In addition to these transactions, records show that on May 20, Guidroz received a total of 11,584 shares of Full House Resorts common stock at no cost, as these shares were vested as a result of the achievement of applicable performance-based criteria.
Following these transactions, Guidroz's direct holdings in Full House Resorts have adjusted to reflect the changes. It is important to note that these filings with the SEC are routine and provide transparency into the actions of company executives with regards to their stock holdings.
Investors often monitor these transactions as they may provide insight into the executives' perspectives on the company's current valuation and future prospects.
InvestingPro Insights
As investors consider the recent stock transactions by Full House Resorts Inc (NASDAQ:FLL) executive Elaine Guidroz, it's valuable to look at the company's financial health and market performance for a broader context. Full House Resorts operates with a substantial debt burden, and analysts are not expecting the company to be profitable within this fiscal year. These factors underscore the importance of monitoring executive stock transactions, as they may reflect internal perspectives on the company’s financial trajectory and operational strategy.
InvestingPro data provides a snapshot of Full House Resorts' market position, revealing a market capitalization of $176.3 million and significant revenue growth over the last twelve months as of Q1 2024, at 51.71%. Despite this growth, the company's P/E ratio remains negative at -7.05, reflecting challenges in achieving profitability. Moreover, the stock price has experienced substantial volatility, with a 1-year price total return of -36.43%, indicating a potentially higher risk for investors.
For those looking to delve deeper into Full House Resorts' financials and stock performance, InvestingPro offers additional insights. There are 9 more InvestingPro Tips available, including analysis on sales growth expectations and cash burn rate, which can be crucial for making informed investment decisions. Interested readers can access these tips by visiting https://www.investing.com/pro/FLL and can receive an additional 10% off a yearly or biyearly Pro and Pro+ subscription by using the coupon code PRONEWS24.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.