Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Wynn Resorts Ltd. shares valued at $671,938 were sold by CAMERON-DOE JULIE on Feb 09 ’24. At $105.27 per share, CAMERON-DOE JULIE sold 6,383 shares. The insider’s holdings dropped to 78,150 shares worth approximately $7.35 million following the completion of this transaction.
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Also, Mulroy Patricia sold 960 shares, netting a total of over 100,963 in proceeds. Following the sale of shares at $105.17 each, the insider now holds 522 shares.
Before that, Billings Craig Scott had sold 19,235 shares from its account. In a trade valued at $2,077,380, the CEO traded Wynn Resorts Ltd. shares for $108.00 each. Upon closing the transaction, the insider’s holdings decreased to 19,235 shares, worth approximately $28.97 million.
As published in a research note from Argus on May 23, 2024, Wynn Resorts Ltd. [WYNN] has been rated up from a Hold to a Buy and the price target has been revised to $110. Analysts at Seaport Research Partners started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid April. As of April 04, 2024, Mizuho has initiated its “Buy” rating for WYNN. Earlier on January 17, 2024, Macquarie upgraded its rating. Their new recommendation was “an Outperform” for WYNN stock which previously was a “a Neutral”.
Analyzing WYNN Stock Performance
During the last five days, there has been a drop of approximately -3.11%. Over the course of the year, Wynn Resorts Ltd. shares have jumped approximately 3.27%. Shares of the company reached a 52-week high of $110.38 on 04/04/24 and a 52-week low of $90.42 on 01/17/24. A 50-day SMA is recorded $99.19, while a 200-day SMA reached $95.22. Nevertheless, trading volume fell to 1.45 million shares from 1.32 million shares the previous day.
Support And Resistance Levels for Wynn Resorts Ltd. (WYNN)
According to the 24-hour chart, there is a support level at 92.93, which, if violated, would cause prices to drop to 91.78. In the upper region, resistance lies at 96.00. The next price resistance is at 97.92. RSI (Relative Strength Index) is 39.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.46, which suggests the price will decrease in the coming days. Percent R is at 92.05%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
