Shares of Wynn Resorts Limited (WYNN) Sees Large Outflow of Money

Wynn Resorts Limited (WYNN) : The value of composite uptick trades was $93.53 million, whereas, the value of composite downtick trades was $102.16 million. The uptick to downtick ratio stood at 0.92 with a negative money flow of ($8.63) Million during Mondays trading session. The block trades money flow was negative ($2.41 million).The uptick to the downtick ratio of 0.53 in block trades signals that the large investors have utilized the rise in the stock to sell.The uptick transaction value stood at $2.68 million. The transaction of the trades on downticks amounted to $5.09 million, which confirms investors selling on the strength of price. Wynn Resorts Limited (WYNN) gained 399 cents at $103.74, an increase of 4% over the previous days close.


Shares of Wynn Resorts Ltd. rose by 4.21% in the last five trading days and 13.06% for the last 4 weeks. Wynn Resorts Ltd. is up 14.72% in the last 3-month period. Year-to-Date the stock performance stands at 52.47%.

Wynn Resorts Limited (NASDAQ:WYNN): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $100.98 and $100.16 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $104.44. The buying momentum continued till the end and the stock did not give up its gains. It closed at $103.74, notching a gain of 4.00% for the day. The total traded volume was 3,662,493 . The stock had closed at $99.75 on the previous day.

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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