Shares of Wynn Resorts Limited (WYNN) Sees Large Inflow of Net Money Flow

Wynn Resorts Limited (WYNN) : Investors lapped up stocks on upticks to the tune of $51.47 million in the Wednesdays trading session. The trading value on downticks was comparatively at $47.4 million and the uptick to downtick ratio of 1.09 indicates continuous buying by the bulls. The net money flow into the stock was $4.07 million. The block trades were dominated by the bulls with a healthy 2.68, uptick to downtick ratio. Only $2.78 million worth of trades exchanged hands on downticks showing the reluctance of the large traders to part with their holdings. Upticks saw transactions worth $7.45 clearly indicating buying by large investors. The total money flow for block trades stood at $4.67 million, which is a positive for the stock in the long-term. Wynn Resorts Limited (WYNN) fell $0.18 during the day at $100.56, a drop of -0.18% over the previous days close. However, for the week, the stock is -1.55%, compared to the previous week.


Wynn Resorts Ltd. has dropped 1.3% in the last five trading days, however, the shares have posted positive gains of 12.06% in the last 4 weeks. Wynn Resorts Ltd. is up 11.93% in the last 3-month period. Year-to-Date the stock performance stands at 49.41%.

Wynn Resorts Limited (WYNN) : The consensus on Wynn Resorts Limited (WYNN) based on 13 analyst recommendation on the company stock is 2.81, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Wynn Resorts Limited (WYNN).

Wynn Resorts Limited (NASDAQ:WYNN): The stock opened at $101.56 and touched an intraday high of $101.75 on Wednesday. During the day, the stock corrected to an intraday low of $98.5, however, the bulls stepped in and pushed the price higher to close in the green at $101.66 with a gain of 0.91% for the day. The total traded volume for the day was 3,047,427. The stock had closed at $100.74 in the previous trading session.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *