Company Shares of Wynn Resorts Limited Rally 2.73%

Wynn Resorts Limited (NASDAQ:WYNN) has climbed 2.73% in the past week and advanced 16% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 3.96% and the outperformance has advanced to 14.94% for the last 4 weeks period.

Wynn Resorts Limited (NASDAQ:WYNN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $102.31 and $101.60 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $103.75. The buying momentum continued till the end and the stock did not give up its gains. It closed at $103.19, notching a gain of 1.97% for the day. The total traded volume was 2,191,485 . The stock had closed at $101.20 on the previous day.

The company shares have rallied 2.22% from its 1 Year high price. On Jul 7, 2015, the shares registered one year high at $112.00 and the one year low was seen on Jan 14, 2016. The 50-Day Moving Average price is $95.14 and the 200 Day Moving Average price is recorded at $81.16.

On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the CEO of Wynn Resorts Ltd, Wynn Family Limited Partnershi had purchased shares worth of $15,118,425 in a transaction dated on February 8, 2016. A total of 258,523 shares were purchased at a price of $58.48 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Many analysts have stated their opinion on the company shares. CLSA downgrades its rating on Wynn Resorts Limited (NASDAQ:WYNN). The global brokerage major raises the current price target from $88 per share to $97 per share. Analysts at the CLSA have a current rating of Outperform on the shares. The shares were previously rated Buy. The rating by the firm was issued on April 29, 2016. Currently the company Insiders own 12.6% of Wynn Resorts Limited shares according to the proxy statements. Institutional Investors own 78.09% of Wynn Resorts Limited shares.

Wynn Resorts, Limited is a developer, owner and operator of destination casino resorts which integrate accommodations and amenities, including fine dining, premium retail offerings, distinctive entertainment and convention facilities. The Company owns 72% of Wynn Macau, Limited, which operates an integrated resort in the Macau Special Administrative Region of the Peoples Republic of China (Macau). Wynn Resorts also owns 100% of and operates an integrated resort in Las Vegas, Nevada. The company operates through two segments: Macau Operations, which includes Wynn Macau and Encore at Wynn Maca, and Las Vegas Operations, which includes Wynn Las Vegas and Encore at Wynn Las Vegas. Its Macau Operations features approximately 284,000 square feet of casino space with 498 table games and 625 slot machines, two hotel towers and others. Its Las Vegas Operations features approximately 186,000 square feet of casino space with 232 table games, 1,849 slot machines, two hotel towers and others.

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