Red Rock Resorts Inc. (RRR) had a rough trading day for Wednesday November 06 as shares tumbled 8.05%, or a loss of $-1.88 per share, to close at $21.46. After opening the day at $19.71, shares of Red Rock Resorts Inc. traded as high as $21.82 and as low as $19.69. Volume was 2 million shares over 17,734 trades, against an average daily volume of n/a shares and a total float of 117.16 million.
As a result of the decline, Red Rock Resorts Inc. now has a market cap of $2.51 billion. In the last year, shares of Red Rock Resorts Inc. have traded between a range of $29.80 and $16.76, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.
Red Rock Resorts Inc along with its subsidiary is a gaming, development and management company. The company mainly develops a strategically-located casino and entertainment properties. It generates a majority of its revenue from Casino.
Red Rock Resorts Inc. is based out of Las Vegas, NV and has some 13,800 employees. Its CEO is Frank J. Fertitta.
Red Rock Resorts Inc. is a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.
Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.
