Wynn Resorts Limited’s recently made public that its Director Mulroy Patricia unloaded Company’s shares for reported $25002.0 on Aug 14. In the deal valued at $100.01 per share,250 shares were sold. As a result of this transaction, Mulroy Patricia now holds 7,817 shares worth roughly $ 0.76 million.
Then, Mulroy Patricia sold 1,000 shares, generating $104,960 in total proceeds. Upon selling the shares at $104.96, the Director now owns 8,067 shares.
Before that, Mulroy Patricia sold 1,100 shares. Wynn Resorts Limited shares valued at $111,815 were divested by the Director at a price of $101.65 per share. As a result of the transaction, Mulroy Patricia now holds 1,982 shares, worth roughly $0.19 million.
Wells Fargo reiterated its Wynn Resorts Limited [WYNN] rating to an Overweight in a research note published on Tuesday, July 13, 2023; the price target was $138. PT values the company’s stock at a premium of 29.41 to its Tuesday closing price.
Price Performance Review of WYNN
On Tuesday, Wynn Resorts Limited [NASDAQ:WYNN] saw its stock fall -4.16% to $97.41. On the same session, the stock had its day’s lowest price of $96.37, but rose to a high of $100.46. Over the last five days, the stock has gained 0.64%. Wynn Resorts Limited shares have risen nearly 18.12% since the year began. Nevertheless, the stocks have risen 64.60% over the past one year. While a 52-week high of $117.86 was reached on 05/01/23, a 52-week low of $53.81 was recorded on 01/03/23. SMA at 50 days reached $103.09, while 200 days put it at $101.47. A total of 3.08 million shares were traded, compared to the trading of 1.95 million shares in the previous session.
Levels Of Support And Resistance For WYNN Stock
The 24-hour chart illustrates a support level at 95.70, which if violated will result in even more drops to 93.99. On the upside, there is a resistance level at 99.79. A further resistance level may holdings at 102.17. The Relative Strength Index (RSI) on the 14-day chart is 43.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.40, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 53.43%. Stochastics %K at 74.58% indicates the stock is a holding.
How much short interest is there in Wynn Resorts Limited?
A steep rise in short interest was recorded in Wynn Resorts Limited stocks on Aug 14, 2023, growing by 0.5 million shares to a total of 6.19 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 5.69 million shares. There was a rise of 8.08%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 5.46% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.1.
Wynn Resorts Limited [WYNN] – Who Are The Largest Shareholders?
In filings from The Vanguard Group, Inc., it is revealed that the company now owns 10,812,745 shares, or roughly 9.50% of the outstanding WYNN shares. In other words, the investor’s shares have fallen by -57,736 from its previous 13-F filing of 10870481.0. Additionally, BlackRock Fund Advisors increased 4.77% of its stake after which the total value it holdings stand at $558,634,205, while Capital Research & Management Co reduced -26.61% of its stake to hold $449.66 million in the firm. Over the last quarter, SSgA Funds Management, Inc. purchased 180,839 shares of Wynn Resorts Limited, while Fisher Asset Management LLC bought 1,579,337 shares. At present, Geode Capital Management LLC is holding 2,343,729 shares valued at $255.42 million. Susquehanna Financial Group LLLP owned 2,325,422 shares of the company at the time of its most recent 13F filing, worth $253.42 million.
According to FactSet, Wynn Resorts Limited’s share price will average $130.88 in the next year, based on opinions of analysts polled by the firm. This is up nearly 30.36 percent from its previous closing price of $101.64. Analysts expect Wynn Resorts Limited stock to reach the higher price of $150.00, while the lowest price estimate is $110.00. However, 15 analysts have rated WYNN stock as an Overweight in their predictions for 2023.