We’d be surprised if Full House Resorts, Inc. (NASDAQ:FLL) shareholders haven’t noticed that the Independent Vice Chairman & Lead Independent Director, Carl Braunlich, recently sold US$114k worth of stock at US$3.42 per share. Equally important, that sale actually reduced their holding by a full 82% which hardly makes us feel bullish about the stock.
The Last 12 Months Of Insider Transactions At Full House Resorts
Over the last year, we can see that the biggest insider sale was by the Independent Non-Executive Chairman, Bradley Tirpak, for US$235k worth of shares, at about US$1.97 per share. So it’s clear an insider wanted to take some cash off the table, even below the current price of US$3.23. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. While insider selling