Bitcoin price today: gains to $120k, near record high on U.S. regulatory cheer
In a recent congressional trade report, it was revealed that Susie Lee, representing Nevada’s 3rd congressional district, has made multiple transactions involving the sale of Full House Resorts, Inc. (NASDAQ:FLL) common stocks. These transactions were conducted through her Fidelity Investments Brokerage #1 account. The company, currently valued at $144 million in market capitalization, has seen its stock trading near $4.02, close to its 52-week low of $3.77. According to InvestingPro analysis, the company’s financial health score is rated as WEAK, with significant debt burden being a key concern.
The report details four separate transactions, all involving the sale of Full House Resorts’ common stocks. Each transaction was valued in the range of $15,001 to $50,000. The first sale occurred on February 13, 2025, followed by subsequent transactions on February 21, February 24, and finally on March 12, 2025. The timing of these sales coincides with the stock’s challenging performance, as InvestingPro data shows a 19.3% decline over the past six months. The company’s revenue stands at $292 million, though it currently operates with negative earnings per share of -$1.16.
Full House Resorts, Inc., a casino developer and operator, has been a part of Lee’s investment portfolio, and these recent transactions indicate a partial sale of her holdings in the company. Each transaction was noted as a partial sale, suggesting that Lee still retains some shares in Full House Resorts, Inc. Despite revenue growth of 21.2% in the last twelve months, InvestingPro analysis reveals the company is quickly burning through cash and its short-term obligations exceed liquid assets. Subscribers to InvestingPro can access 10 additional key insights about FLL’s financial position and future prospects through the comprehensive Pro Research Report.
Investors often keep an eye on these congressional trade reports as they can provide insights into the financial decisions of influential figures. However, it’s important to remember that these transactions do not necessarily reflect the official’s views on the future performance of the company. Analyst consensus maintains a positive outlook, with price targets ranging from $5 to $7, though they don’t anticipate profitability this year.
The transactions were all filed as new, indicating that these were not adjustments or modifications to previously reported transactions. The report also confirmed that the transactions did not involve initial public offerings.
As per the STOCK Act, congressional members are required to disclose their transactions to maintain transparency and prevent any potential conflicts of interest. This report was certified and signed by Susie Lee on March 14, 2025, ensuring the accuracy of the information to the best of her knowledge and belief.
Statement from Susie Lee:
"Representative Lee is currently in the process of transferring holdings she received following her divorce into ETFs, index funds, and mutual funds, going above and beyond what’s required of her by law and ethics rules. Representative Lee has never directed an individual stock trade prior to her divorce, and she strongly supports a ban on Members of Congress directing trades of individual stocks."
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.