Kathleen Caracciolo, a director at Full House Resorts Inc . (NASDAQ:FLL), recently reported transactions involving the company's common stock. On December 12, Caracciolo sold a total of 8,900 shares, generating proceeds of approximately $39,389. The shares were sold at prices ranging from $4.41 to $4.43 per share. The transaction comes as Full House Resorts, with a market capitalization of $157 million, trades near its 52-week low of $4.36. According to InvestingPro data, analyst price targets range from $4.75 to $8.00 per share.
In a separate transaction on the same day, Caracciolo acquired 1,900 shares through the exercise of stock options at a price of $1.70 per share. Following these transactions, Caracciolo now directly owns 40,997 shares of Full House Resorts. InvestingPro subscribers can access 8 additional key insights about Full House Resorts, including detailed analysis of the company's financial health and valuation metrics. The stock's current Fair Value assessment suggests it may be slightly overvalued at current levels.
In other recent news, Full House Resorts, Inc. announced significant updates regarding its management structure and financial performance. The casino operator appointed Jeff Michie as the new Vice President and General Manager of its Rising Star Casino (EPA:CASP) Resort in Rising Sun, Indiana. Michie, a seasoned professional in the casino industry, will replace Angi Truebner-Webb, who will manage the Silver Slipper Casino Hotel in Mississippi.
In addition to the management changes, Full House Resorts released its third quarter financial results, which were discussed in an earnings call led by CFO Lewis (JO:LEWJ) Fanger. The company highlighted its upcoming advertising campaign for the Chamonix project and provided insights into its financial performance. However, the company reminded investors that actual results might vary due to potential risks.
Furthermore, Full House Resorts granted inducement equity awards to Michie and two other new employees, Kimberly Bender and Katelynn May, as part of its strategy to attract top talent. These recent developments reflect the company's commitment to restructuring its management and improving its financial performance.
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