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Paul Wierbicki, Chief Legal Officer and director at Rush Street Interactive, Inc. (NYSE:RSI), sold 35,000 shares of Class A Common Stock on August 5, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The sales generated approximately $680,865. The timing of the sale comes as RSI’s stock has shown remarkable strength, with a 26% gain in the past week and an impressive 108% return over the last year. According to InvestingPro analysis, the stock is currently trading in overbought territory.
The shares were sold at a weighted average price of $19.4533, in multiple transactions ranging from $19.248 to $19.71 per share. The transaction was executed pursuant to a pre-arranged 10b5-1 trading plan established on May 5, 2025. Following the transaction, Wierbicki directly owns 91,705 shares of Rush Street Interactive. The $4.39 billion company maintains strong financial health, earning a "GREAT" rating from InvestingPro, which offers comprehensive analysis and 17 additional key insights about RSI’s valuation and growth prospects in its Pro Research Report.
In other recent news, Rush Street Interactive reported its second-quarter 2025 earnings, significantly outperforming market expectations. The company achieved earnings per share of $0.11, which was 83.33% higher than the forecasted $0.06. Additionally, Rush Street Interactive’s revenue reached $269 million, surpassing the anticipated $249.65 million, marking a 7.83% surprise. Following these strong results, the company decided to raise its full-year 2025 guidance. In response to these developments, Needham raised its price target for Rush Street Interactive to $21 from $17, maintaining a Buy rating on the stock. These recent developments highlight the company’s strong financial performance and positive outlook.
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