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Director Niccolo de Masi disposed of 446,094 shares of Rush Street Interactive, Inc. NASDAQ:RSI on July 31, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The transaction comes as RSI shares have surged 27% in the past week and 41% year-to-date, trading near their 52-week high of $20.32. The shares were sold at a weighted average price of $18.3464, for a total value of $8.18 million. Prices for the sales ranged from $17.49 to $18.75. According to InvestingPro data, RSI maintains a "GREAT" financial health score, though it currently trades at a relatively high P/E ratio of 69.6.
The sales were executed under a pre-arranged 10b5-1 trading plan established on March 14, 2025. Following the transaction, de Masi directly holds 15,203 shares of Rush Street Interactive.
The filing also indicates that de Masi may be deemed to have beneficial ownership of shares held directly by Isalea Investments LP, of which he is the Managing Member. However, he disclaims beneficial ownership of these shares.
In other recent news, Rush Street Interactive reported its second-quarter 2025 earnings, which significantly outperformed market expectations. The company achieved earnings per share of $0.11, surpassing the forecasted $0.06 by 83.33%. Revenue reached $269 million, exceeding the anticipated $249.65 million, marking a 7.83% surprise. Following these results, Needham raised its price target for Rush Street Interactive from $17 to $21 while maintaining a Buy rating on the stock. This decision was influenced by the company’s strong earnings performance and its decision to raise full-year 2025 guidance. These developments reflect recent positive momentum for the company.
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