Large Inflow of Money Witnessed in Wynn Resorts Limited

Wynn Resorts Limited (WYNN) : The money flow analysis of Wynn Resorts Limited (WYNN) indicates a $10.52 million of outflow was on downticks, whereas, the investors on Thursday gobbled up stocks worth $11.97 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.14 and so was the total money flow at $1.45 million. The bulls lapped up $1.23 million worth of block trades on upticks. The money flow was $1.23 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Wynn Resorts Limited (WYNN), pushing it down by -0.16% for the day. The stock slid $0.14 and traded at $89.79 during the day. Nonetheless, the stock is -2.18% over the previous weeks close.


Wynn Resorts Limited (WYNN) has been rated by 11 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $119 and the lowest price target forecast is $65. The average forecast of all the analysts is $97.36 and the expected standard deviation is $14.69. The stock has recorded a 20-day Moving Average of 8.09% and the 50-Day Moving Average is 5.7%.

Wynn Resorts Limited (NASDAQ:WYNN): The stock opened at $90.07 on Thursday but the bulls could not build on the opening and the stock topped out at $90.97 for the day. The stock traded down to $88.18 during the day, due to lack of any buying support eventually closed down at $88.96 with a loss of -1.08% for the day. The stock had closed at $89.93 on the previous day. The total traded volume was 1,999,521 shares.

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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