Wynn Resorts Ltd’s filing revealed that its Director Mulroy Patricia unloaded Company’s shares for reported $0.21 million on Sep 16 ’24. In the deal valued at $78.73 per share,2,650 shares were sold. As a result of this transaction, Mulroy Patricia now holds 5,689 shares worth roughly $0.54 million.
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Then, MULROY FAMILY TRUST bought 2,650 shares, generating $208,634 in total proceeds.
Before that, Myers Margaret Jane sold 2,000 shares. Wynn Resorts Ltd shares valued at $196,100 were divested by the Director at a price of $98.05 per share. As a result of the transaction, Myers Margaret Jane now holds 17,797 shares, worth roughly $1.68 million.
Morgan Stanley upgraded its Wynn Resorts Ltd [WYNN] rating to an Overweight from a an Equal-weight in a research note published on September 27, 2024; the price target was increased to $104 from $97. A number of analysts have revised their coverage, including Seaport Research Partners’s analysts, who increased its forecast for the stock in late May from “a Neutral” to “a Buy”. Argus also remained covering WYNN and has increased its forecast on May 23, 2024 with a “Buy” recommendation from previously “Hold” rating. Seaport Research Partners started covering the stock on April 15, 2024. It rated WYNN as “a Neutral”.
Price Performance Review of WYNN
On Friday, Wynn Resorts Ltd [NASDAQ:WYNN] saw its stock jump 1.13% to $94.53. Over the last five days, the stock has gained 0.17%. Wynn Resorts Ltd shares have risen nearly 3.75% since the year began. Nevertheless, the stocks have risen 7.40% over the past one year. While a 52-week high of $110.38 was reached on 04/04/24, a 52-week low of $71.63 was recorded on 08/05/24. SMA at 50 days reached $95.26, while 200 days put it at $91.37.
Levels Of Support And Resistance For WYNN Stock
The 24-hour chart illustrates a support level at 92.98, which if violated will result in even more drops to 91.43. On the upside, there is a resistance level at 95.75. A further resistance level may holdings at 96.97. The Relative Strength Index (RSI) on the 14-day chart is 53.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.89%. Stochastics %K at 40.44% indicates the stock is a holding.
How much short interest is there in Wynn Resorts Ltd?
A steep rise in short interest was recorded in Wynn Resorts Ltd stocks on 2024-11-29, dropping by -0.77 million shares to a total of 4.84 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 5.61 million shares. There was a decline of -15.97%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 04, 2024 when Mizuho began covering the stock and recommended ‘”a Buy”‘ rating along with a $131 price target.
