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Stock impact report

Why Everi Holdings' Shares Popped 44.6% Tuesday Before Fizzling Out [The Motley Fool]

Everi Holdings Inc. (EVRI) 
Last everi holdings inc. earnings: 3/2 04:05 pm Check Earnings Report
Company Research Source: The Motley Fool
Why Everi Holdings' Shares Popped 44.6% Tuesday Before Fizzling Out Insiders are buying, and this morning, so were traders. Shares of gambling-industry supplier Everi Holdings Inc ( NYSE:EVRI ) jumped as much as 44.6% in early trading Tuesday after it was revealed that a number of insiders had bought stock. The pop didn't last long, though, and shares were back down to a 12% gain on the day at 3 p.m. EDT. A number of insiders have acquired shares in the last week, but the two notable moves in today's SEC filings were directors Eileen Raney buying 20,000 shares and Maureen Mullarkey buying 10,000 shares. Their average purchase price was $6.00 and $6.27, respectively, more than double where shares are trading today. The market is moving quickly, but if directors were bullish on Everi's stock at over $6 per share then buying them below $3, where they're trading today, could be seen as a steal. And that's why shares jumped today. The real challenge for Everi is that most of its customers Show less Read more
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