Insider Trends: Insider Sales Continue 90-Day Trend at Monarch Casino & Resort
03:42 PM EDT, 05/07/2021 (MT Newswires) -- David-Jacques Farahi, COO, reported a sale of 17,346 shares in Monarch Casino & Resort (MCRI) on May 05, 2021, for $1,269,450. Following the Form 4 filing with the SEC, Farahi has 60,450 shares of the company, which have a market value of $4.35 million as of the prior-day closing price.
Over the last 90 days, previous to the date of this filing, there has been one additional insider transaction which has resulted in the acquisition of 6,100 of company shares. Relative to the preceding 90-day window of time, there were 4 transactions from 2 insiders and resulted in the net acquisition of 44,749 shares.
This level of insider transactions is below that of the peer group average in the 16-company Casinos peer group over the last 90-day period. Activity in the peer group averaged 68.9 transactions per company, and disposition of 374,136 shares on average.
SEC Story Link http://www.sec.gov/Archives/edgar/data/907242/000090724221000009/xslF345X03/primary_doc.xml
This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.