Wynn Resorts Limited (WYNN) has been under a strong bear grip, hence the stock is down -2.8% 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 3.21% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.85% in the last 1 week, and is up 3.77% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
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 $94.50 and $93.49 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $95.91. The buying momentum continued till the end and the stock did not give up its gains. It closed at $95.77, notching a gain of 2.00% for the day. The total traded volume was 1,510,190 . The stock had closed at $93.89 on the previous day.
The stock has recorded a 20-day Moving Average of 3.48% and the 50-Day Moving Average is 0.81%. Wynn Resorts Ltd. is up 0.3% in the last 3-month period. Year-to-Date the stock performance stands at 40.05%.
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.