Full House Resorts jumps after CEO buys stock, co renews CEO contract

Full House Resorts

18/06/2025 19:11

** Shares of Full House Resorts FLL.O jumped more than 20% on Weds after the CEO of the casino operator bought its stock, and the company renewed his contract

** The stock hit highest level since early April and rose as much as 28%, putting it on track for biggest daily pct gain since 2020

** According to a filing late Tues, CEO Daniel Lee disclosed purchasing about 276,000 shares at $4.75 and obtained a call option to buy an additional 184,000 shares at that price in a private transaction dated June 13

** Also, co in filing late Tues said it entered into a new employment agreement with Lee, which commenced on June 14 and continues until June 14, 2030

** Lee will receive an annual base salary of $700,000, per the agreement

** FLL has ~36 mln shares outstanding, giving co nearly $140 mln market cap

** Shares last up 18.3% at $3.86, trimming their YTD loss to ~6%

** The median PT among 5 analysts covering FLL is $5, according to LSEG data

(Reporting by Caroline Valetkevitch)

((caroline.valetkevitch@thomsonreuters.com))