Wynn Resorts Ltd (WYNN) saw downtrend of -5.13% in the recent trading with $89.68 being its most recent. The current price level -18.75% lower than the highest price of $110.38 marked by the stock while trading over the past 52-weeks, whereas it is 25.20% higher than the lowest price of $71.63 the company dropped to over past 52-weeks. The latest news story on WYNN appeared in (Business Wire) under the title “Wynn Resorts Bolsters Investor Relations Team”.
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Squeezing the time span to 30 day period shows us the stock is currently trading -9.98% below one month high and is +1.06% above of the lowest during that time. Looking into the simple moving average, Wynn Resorts Ltd (WYNN)’s stock stands at a SMA-50 of $94.95 while that of 5-day is reading $93.57.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and WYNN’s SMA-200 as of now is $91.31.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Strong Buy by 12 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.38 for the stock.
Wynn Resorts Ltd Earnings – What Happened With WYNN
Coming around sales and income figures on WYNN Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.
WYNN – Wynn Resorts Ltd Stock Earnings Estimates
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 109.92 million. WYNN does have institutional investors; and they hold 68.11% of the stock.
Wynn Resorts Ltd – Insider Activity and Holdings
As on 2024-06-30, VANGUARD GROUP INC was the top most holder in Wynn Resorts Ltd (NASDAQ:WYNN) with an ownership of 11.03 million shares of the company or 9.934 of the stake worth $987.1 million. The filing also reveals BLACKROCK INC. as the second largest holder in the company with a control over 6.5819 of the outstanding shares. Its stake is worth $654.01 million for having 7.31 million shares in hand.
STATE STREET CORP also came holding a key position in the company during the recent quarter and it now holds 3.676 of the outstanding shares. With this there are now 799.0 institutions which have possession in WYNN’s shares.
Currently, the stock has been recommended as Strong Buy by 12 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.38 for the stock.
Technical Analysis of Wynn Resorts Ltd (NASDAQ:WYNN) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Wynn Resorts Ltd (WYNN), we notice that the stock’s 20-day average volume is at 1,938,585 shares. Medium term indicators at an average of 50% are spotting the stock at Buy with its 50-day average volume of 2,609,352 shares. And to end with, WYNN’s 100-day average volume are 2,778,186 shares.
