Shares of Wynn Resorts Limited (WYNN) Sees Large Inflow of Net Money Flow

Wynn Resorts Limited (WYNN) : Wynn Resorts Limited (WYNN) had a healthy money flow of $1.27 million into the stock during the Fridays trading session. The value of bullish trades on upticks was $4.08 million, whereas, investors only sold shares worth $2.81 million on downticks. The stock closed the day with an up-down ratio of 1.45.The money flow in the block trades to the tune of $1.68 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $1.68 million worth of transactions were on upticks. Wynn Resorts Limited (WYNN) stock slid $0.24 intraday and traded at 93.65, a change of -0.26% over previous days close. However, for the week, the company shares are 1.55% compared to previous weeks close.


Wynn Resorts Limited (WYNN) : The highest short term price target forecast on Wynn Resorts Limited (WYNN) is $120 and the lowest target price is $65. A total of 11 equity analysts are currently covering the company. The average price of all the analysts is $97.27 with a standard deviation of $14.48.

Wynn Resorts Limited (NASDAQ:WYNN): stock turned positive on Friday. Though the stock opened at $94.5, the bulls momentum made the stock top out at $95.91 level for the day. The stock recorded a low of $93.49 and closed the trading day at $95.77, in the green by 2.00%. The total traded volume for the day was 1,510,190. The stock had closed at $93.89 in the previous days trading.

In a related news, Wynn Family Limited Partnershi, CEO of Wynn Resorts Ltd, executed a transaction worth $15,118,425 on February 8, 2016. A total of 258,523 shares were purchased at an average price of $58.48. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

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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