Large Inflow of Money Detected in Wynn Resorts Limited

Wynn Resorts Limited (WYNN) : Wynn Resorts Limited (WYNN) had a healthy money flow of $1.99 million into the stock during the Tuesdays trading session. The value of bullish trades on upticks was $11.5 million, whereas, investors only sold shares worth $9.51 million on downticks. The stock closed the day with an up-down ratio of 1.21.The money flow in the block trades to the tune of $1.67 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $1.67 million worth of transactions were on upticks. Wynn Resorts Limited (WYNN) stock slid $0.45 intraday and traded at 90.27, a change of -0.5% over previous days close. However, for the week, the company shares are 0.47% compared to previous weeks close.


Also, Nomura downgrades its view on Wynn Resorts Limited (NASDAQ:WYNN) according to the research report released by the firm to its investors. The shares have now been rated Reduce by the stock experts at the ratings house. Earlier, the shares had a rating of Neutral. The rating by the firm was issued on July 29, 2016.

Wynn Resorts Ltd. has lost 6.47% in the last five trading days and dropped 7.48% in the last 4 weeks. Wynn Resorts Ltd. has dropped 6.33% during the last 3-month period . Year-to-Date the stock performance stands at 32.5%.

Wynn Resorts Limited (NASDAQ:WYNN): The stock opened at $90.86 on Tuesday but the bulls could not build on the opening and the stock topped out at $91.81 for the day. The stock traded down to $89.64 during the day, due to lack of any buying support eventually closed down at $90.15 with a loss of -0.63% for the day. The stock had closed at $90.72 on the previous day. The total traded volume was 2,159,719 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.

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