Shares of Wynn Resorts Limited (WYNN) Rally 2.75%

Wynn Resorts Limited (WYNN) has been under a strong bear grip, hence the stock is down -14.37% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.24% in the past 1 week. The stock has risen by 2.75% in the past week indicating that the buyers are active at lower levels, but the stock is down -10.63% in the past 4 weeks. The stock has recorded a 20-day Moving Average of 2.21% and the 50-Day Moving Average is 2.54%.

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 $92.56 and $92.14 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $93.80. The buying momentum continued till the end and the stock did not give up its gains. It closed at $92.22, notching a gain of 0.22% for the day. The total traded volume was 1,770,717 . The stock had closed at $92.02 on the previous day.


The company Insiders own 12.6% of Wynn Resorts Limited shares according to the proxy statements. Institutional Investors own 78.07% of Wynn Resorts Limited shares. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the CEO of Wynn Resorts Ltd, Wynn Family Limited Partnershi, had purchased 258,523 shares in a transaction dated on February 8, 2016. The transaction was executed at $58.48 per share with total amount equaling $15,118,425.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.