Stocks of Wynn Resorts Ltd (NASDAQ:WYNN) traded higher last session on Wall Street, up 10.38% to $88.82.
WYNN stock price is now 2.81% away from the 50-day moving average and 0.91% away from the 200-day moving average. The market capitalization of the company currently stands at $9.45B.
With the price target enhanced from $97 to $104, Morgan Stanley Upgraded its rating from Equal-Weight to Overweight for Wynn Resorts Ltd (NASDAQ: WYNN). On May 31, 2024, Seaport Research Partners Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $116, while ‘Argus’ rates the stock as ‘Buy’
In other news, Mulroy Patricia, Director sold 2,650 shares of the company’s stock on Sep 16 ’24. The stock was sold for $208,634 at an average price of $78.73. Upon completion of the transaction, the Director now directly owns 5,689 shares in the company, valued at $0.51 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 16 ’24, Director MULROY FAMILY TRUST bought 2,650 shares of the business’s stock. A total of $208,634 was incurred on buying the stock at an average price of $78.73. A total of 19.47% of the company’s stock is owned by insiders.
During the past 12 months, Wynn Resorts Ltd has had a low of $71.63 and a high of $110.38. According to the stock market information, the enterprise value for the company is $18452019200, which is based on a 20.80 price-to-earnings ratio, a 22.85 price-to-earnings-growth ratio, and a beta of 1.78. The fifty day moving average price for WYNN is $86.3904 and a two-hundred day moving average price translates $88.02255 for the stock.
The latest earnings results from Wynn Resorts Ltd (NASDAQ: WYNN) was released for 2024-12-31. The company reported revenue of $1.84 billion for the quarter, compared to $1.84 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.09 percent.
