Red Rock Resorts president Scott Kreeger sold $1.9 million in stock on August 7, 2026, as the company reported strong second-quarter earnings. The transactions, which included the sale of 31,159 shares at prices ranging from $61.38 to $62.27, followed Mr. Kreeger's acquisition of shares through employee stock options on August 6, 2026. The company's stock currently trades at $61.29, valuing the casino operator at $6.1 billion. Red Rock Resorts posted earnings of $0.67 per share, exceeding analyst estimates of $0.50 per share, and revenue reached $510.3 million, above the forecasted $500.63 million. Despite construction-related challenges, the company remains profitable and has maintained dividend payments for 11 consecutive years. Analysts, including Citizens, have raised their price targets for Red Rock Resorts shares, citing potential for improved traffic and pricing.
DeFi News
