Wynn Resorts Limited (WYNN) has risen sharply, recording gains of 1.68% in the past 4 weeks. However, the stock has corrected -2.38% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.29% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Wynn Resorts Ltd. is up 10.01% in the last 3-month period. Year-to-Date the stock performance stands at 43.12%. The stock has recorded a 20-day Moving Average of 2.24% and the 50-Day Moving Average is 0.58%.
Wynn Resorts Limited (NASDAQ:WYNN): The stock opened at $98.79 on Friday but the bulls could not build on the opening and the stock topped out at $99.00 for the day. The stock traded down to $95.94 during the day, due to lack of any buying support eventually closed down at $97.38 with a loss of -2.31% for the day. The stock had closed at $99.68 on the previous day. The total traded volume was 3,887,688 shares.
Also, In a research note released to the investors, Nomura downgrades its rating on Wynn Resorts Limited (NASDAQ:WYNN).The analysts at the brokerage house have a current rating of Reduce on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on July 29, 2016.
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.