A Guide To The Risks Of Investing In Wynn Resorts Limited (WYNN)

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CHWY Stock
CHWY Stock

Wynn Resorts Limited’s recent filing unveils that its Director Mulroy Patricia unloaded Company’s shares for reported $0.13 million on Sep 19. In the deal valued at $66.14 per share,2,000 shares were sold. As a result of this transaction, Mulroy Patricia now holds 6,781 shares worth roughly $ 0.49 million.


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Then, Mulroy Patricia sold 2,000 shares, generating $134,220 in total proceeds. Upon selling the shares at $67.11, the Director now owns 8,781 shares.

Before that, Mulroy Patricia sold 400 shares. Wynn Resorts Limited shares valued at $37,700 were divested by the Director at a price of $94.25 per share. As a result of the transaction, Mulroy Patricia now holds 7,307 shares, worth roughly $0.53 million.

Jefferies upgraded its Wynn Resorts Limited [WYNN] rating to a Buy from a a Hold in a research note published on Monday. A number of analysts have revised their coverage, including Credit Suisse’s analysts, who increased its forecast for the stock in mid September from “a Neutral” to “an Outperform”. Barclays began covering WYNN with “an Equal weight” recommendation on June 29, 2022. Citigroup revised its rating on April 01, 2022. It rated WYNN as “a Buy” which previously was an “a Neutral”.

Price Performance Review of WYNN

On Monday, Wynn Resorts Limited [NASDAQ:WYNN] saw its stock jump 2.08% to $72.28. On the same session, the stock had its day’s lowest price of $69.87, but rose to a high of $72.79. Over the last five days, the stock has gained 13.11%. Wynn Resorts Limited shares have fallen nearly -15.00% since the year began. Nevertheless, the stocks have fallen -25.42% over the past one year. While a 52-week high of $99.00 was reached on 02/15/22, a 52-week low of $50.20 was recorded on 06/23/22. SMA at 50 days reached $62.72, while 200 days put it at $68.64. A total of 3.55 million shares were traded, compared to the trading of 1.28 million shares in the previous session.

Levels Of Support And Resistance For WYNN Stock

The 24-hour chart illustrates a support level at 70.50, which if violated will result in even more drops to 68.73. On the upside, there is a resistance level at 73.42. A further resistance level may holdings at 74.57. The Relative Strength Index (RSI) on the 14-day chart is 66.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 8.21, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.69%. Stochastics %K at 90.87% indicates the stock is a selling.

How much short interest is there in Wynn Resorts Limited?

A steep rise in short interest was recorded in Wynn Resorts Limited stocks on Jul 14, 2022, growing by 1.14 million shares to a total of 10.59 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 9.45 million shares. There was a rise of 10.76%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 9.16% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.8.

Wynn Resorts Limited [WYNN] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 11,424,780 shares, or roughly 10.05% of the outstanding WYNN shares. In other words, the investor’s shares have risen by 509,717 from its previous 13-F filing of 10915063.0. Additionally, T. Rowe Price Associates, Inc. increased 0.60% of its stake after which the total value it holdings stand at $582,049,968, while Capital Research & Management Co added 27.33% of its stake to hold $472.36 million in the firm. Over the last quarter, BlackRock Fund Advisors sold -429 shares of Wynn Resorts Limited, while SSgA Funds Management, Inc. sold -151,494 shares. At present, Leucadia Asset Management LLC is holding 2,971,946 shares valued at $187.32 million. BMO Asset Management Corp. owned 2,357,696 shares of the company at the time of its most recent 13F filing, worth $148.61 million.

The most recent change occurred on February 16, 2022 when Wells Fargo resumed its ‘”an Equal weight”‘ rating for the stock and retained the price target to $99.

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