Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Wynn Resorts Limited shares valued at $1,125,637 were sold by Billings Craig Scott on Mar 16. At $103.26 per share, Billings Craig Scott sold 10,901 shares. The insider’s holdings dropped to 255,781 shares worth approximately $25.84 million following the completion of this transaction.
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Also, CAMERON-DOE JULIE sold 4,000 shares, netting a total of over 432,320 in proceeds. Following the sale of shares at $108.08 each, the insider now holds 65,970 shares.
Before that, Whittemore Ellen F had sold 10,383 shares from its account. In a trade valued at $1,136,731, the EVP and General Counsel traded Wynn Resorts Limited shares for $109.48 each. Upon closing the transaction, the insider’s holdings decreased to 10,383 shares, worth approximately $7.21 million.
Analyzing WYNN Stock Performance
On Thursday, Wynn Resorts Limited [NASDAQ: WYNN] plunged -0.07% to $101.02. The stock’s lowest price that day was $100.35, but it reached a high of $102.75 in the same session. During the last five days, there has been a drop of approximately -8.41%. Over the course of the year, Wynn Resorts Limited shares have jumped approximately 22.49%. Shares of the company reached a 52-week high of $117.86 on 05/01/23 and a 52-week low of $83.93 on 01/03/23. A 50-day SMA is recorded $109.22, while a 200-day SMA reached $88.08. Nevertheless, trading volume fell to 1.83 million shares from 2.34 million shares the previous day.
Support And Resistance Levels for Wynn Resorts Limited (WYNN)
According to the 24-hour chart, there is a support level at 100.00, which, if violated, would cause prices to drop to 98.97. In the upper region, resistance lies at 102.40. The next price resistance is at 103.77. RSI (Relative Strength Index) is 36.20 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.74, which suggests the price will decrease in the coming days. Percent R is at 93.06%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Wynn Resorts Limited subject to short interest?
Stocks of Wynn Resorts Limited saw a sharp steep in short interest on May 14, 2023 dropping by -0.38 million shares to 7.13 million. Data from Yahoo Finance shows that the short interest on Apr 13, 2023 was 7.51 million shares. A decline of -5.33% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.83 of the overall float, the days-to-cover ratio (short ratio) decline to 2.83.
Which companies own the most shares of Wynn Resorts Limited (WYNN)?
According to The Vanguard Group, Inc. filings, the company currently owns 10,870,481 shares, which is about 9.56% of the total WYNN shares outstanding. The investor’s shares have appreciated by 145,326 from its previous 13-F filing of 10725155.0 shares. With the completion of the sale transaction, T. Rowe Price Associates, Inc.’s stake is now worth $684,052,996. Capital Research & Management Co reduced a -29.92% interest valued at $642.47 million while BlackRock Fund Advisors sold a -51,616 stake. A total of -54,384 shares of Wynn Resorts Limited were sold by SSgA Funds Management, Inc. during the quarter, and 54,183 were bought by Geode Capital Management LLC. In its current portfolio, Fisher Asset Management LLC holds 2,215,960 shares valued at $253.24 million.
In terms of Wynn Resorts Limited share price expectations, FactSet research, analysts set an average price target of $130.61 in the next 12 months, up nearly 33.54% from the previous closing price of $101.09. Analysts anticipate Wynn Resorts Limited stock to reach $150.00 by 2023, with the lowest price target being $99.00. In spite of this, 17 analysts ranked Wynn Resorts Limited stock as an Overweight at the end of 2023.