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Rush Street Interactive (NYSE:RSI), a gaming company whose stock has surged over 122% in the past year and currently commands a market capitalization of $4.77 billion, saw Chief Executive Officer Richard Todd Schwartz sell a total of 193,905 shares of Class A Common Stock on September 8th and 9th. The sales, executed under a pre-arranged 10b5-1 plan, generated approximately $4,047,569. The price range for these shares was $20.64 to $21.38. According to InvestingPro analysis, RSI maintains excellent financial health with a GREAT overall score, though the stock shows significant volatility and trades at a relatively high P/E ratio of 74.
Specifically, on September 8th, Schwartz sold 136,738 shares at a weighted average price of $20.8764. On September 9th, he sold 57,167 shares at a weighted average price of $20.8682.
On September 8th, Schwartz also converted 193,905 Class A Common Units of Rush Street Interactive, L.P. into 193,905 shares of Class A Common Stock. Concurrently, 193,905 shares of Class V Voting Stock were canceled.
In other recent news, Rush Street Interactive reported its second-quarter 2025 earnings, significantly outperforming market expectations. The company posted earnings per share of $0.11, exceeding the projected $0.06, and achieved revenue of $269 million, surpassing the anticipated $249.65 million. This strong financial performance led Needham to raise its price target for Rush Street Interactive from $17 to $21, maintaining a Buy rating. Benchmark also increased its price target for the company from $20 to $24, citing a strong start to the third quarter with improved user growth and monetization.
Additionally, Rush Street Interactive announced the appointment of Shubham Tyagi as Chief Technology Officer, bringing over two decades of experience in technology leadership. These developments reflect the company’s ongoing strategic initiatives and financial momentum. Meanwhile, Rogers Sugar declared a quarterly dividend of $0.09 per share, scheduled for payment on October 15, 2025. This dividend is classified as an eligible dividend for Canadian tax purposes.
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