This Insider Has Just Sold Shares In Monarch Casino & Resort
Simply Wall Street
Monarch Casino & Resort (NASDAQ: MCRI) Co-Chairman John Farahi recently sold US$620k worth of stock at US$124 per share, reducing his holding by 0.2%. While this is the largest insider sale in the last year, insiders still own a significant 32% of the company, valued at US$697m. No insider buying has occurred in the past year, prompting caution despite strong insider ownership and growing earnings.
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