Large Outflow of Money Witnessed in Wynn Resorts Limited

Wynn Resorts Limited (WYNN) : Money flow in the Wynn Resorts Limited (WYNN) stock was negative (6.34 million) on Monday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $67.71 million, compared to $74.05 million on downticks. The total uptick to downtick ratio was 0.91, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($2.49 million), indicating selling on the strength. The transaction value during uptick in block trades was $2.21 million. Downtick transaction value in block trades amounted to $4.71 million, indicating persistent selling. The uptick to downtick ratio was 0.47. Wynn Resorts Limited (WYNN) traded $4.44 higher at $96.66 gaining 4.81% over the previous days close.


Wynn Resorts Ltd. is up 0.73% in the last 3-month period. Year-to-Date the stock performance stands at 41.35%. Shares of Wynn Resorts Ltd. appreciated by 2.72% during the last five trading days but lost 4.49% on a 4-week basis. 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 (NASDAQ:WYNN): stock turned positive on Monday. Though the stock opened at $92.36, the bulls momentum made the stock top out at $96.93 level for the day. The stock recorded a low of $92.13 and closed the trading day at $96.66, in the green by 4.81%. The total traded volume for the day was 3,102,039. The stock had closed at $92.22 in the previous days trading.

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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