Intel stock spikes after report of possible US government stake
Director Adam Rothstein of Reservoir Media, Inc. (NASDAQ:RSVR), a media company currently valued at $504 million according to InvestingPro, sold a total of 122,988 shares of common stock in a series of transactions on August 7 and 8, 2025, for approximately $931,355.
On August 7, Rothstein sold 64,891 shares in multiple trades at prices ranging from $7.56 to $7.81, and 9,667 shares at prices ranging from $7.60 to $7.77. On August 8, Rothstein sold 40,000 shares in multiple trades at prices ranging from $7.455 to $7.630, and 8,430 shares at prices ranging from $7.50 to $7.66. The stock, which currently trades at a P/E ratio of 67x, has received a strong buy consensus from analysts with price targets ranging from $11.50 to $15.00.
Following these transactions, Rothstein directly owns 166,465 shares of Reservoir Media, Inc., which according to InvestingPro analysis is currently trading near its Fair Value level.
In other recent news, Reservoir Media reported its first-quarter earnings for fiscal year 2026, showing a slight beat on revenue expectations. The company achieved revenue of $37.2 million, surpassing the anticipated $36.88 million. However, Reservoir Media reported a net loss of $600,000 for the quarter. These developments provide insight into the company’s financial performance and investor interest. The earnings results are pivotal for stakeholders assessing the company’s market position. No major mergers or acquisitions were reported in this period. Analyst upgrades or downgrades were not mentioned in the recent updates. These recent developments reflect the company’s current financial trajectory.
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