The price of Wynn Resorts Limited (NASDAQ:WYNN) shares last traded on Wall Street rose 0.77% to $108.98.
WYNN stock price is now 3.94% away from the 50-day moving average and 12.90% away from the 200-day moving average. The market capitalization of the company currently stands at $12.31B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target enhanced from $134 to $138, Wells Fargo maintained Overweight rating for Wynn Resorts Limited (NASDAQ: WYNN).
In other news, Mulroy Patricia, Director sold 1,000 shares of the company’s stock on Jun 20. The stock was sold for $104,960 at an average price of $104.96. Upon completion of the transaction, the Director now directly owns 8,067 shares in the company, valued at $0.88 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 25, Director Mulroy Patricia sold 1,100 shares of the business’s stock. A total of $111,815 was realized by selling the stock at an average price of $101.65. This leaves the insider owning 1,982 shares of the company worth $0.22 million. Insiders disposed of 104,474 shares of company stock worth roughly $11.39 million over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in WYNN stock. A new stake in Wynn Resorts Limited shares was purchased by SCOPUS ASSET MANAGEMENT, L.P. during the first quarter worth $59,939,000. BAMCO INC /NY/ invested $45,708,000 in shares of WYNN during the first quarter. In the first quarter, SENATOR INVESTMENT GROUP LP acquired a new stake in Wynn Resorts Limited valued at approximately $36,508,000. MANE GLOBAL CAPITAL MANAGEMENT LP acquired a new stake in WYNN for approximately $34,765,000. HOLOCENE ADVISORS, LP purchased a new stake in WYNN valued at around $22,347,000 in the second quarter.
A candlestick chart of Wynn Resorts Limited (NASDAQ: WYNN) showed a price of $109.34 on Friday morning. During the past 12 months, Wynn Resorts Limited has had a low of $53.81 and a high of $117.86. The fifty day moving average price for WYNN is $104.96 and a two-hundred day moving average price translates $96.76 for the stock.
The latest earnings results from Wynn Resorts Limited (NASDAQ: WYNN) was released for Mar, 2023. According to the Resorts & Casinos Company, earnings per share came in at $0.29, beating analysts’ expectations of -$0.01 by 0.3. This compares to -$2.21 EPS in the same period last year. The net profit margin was -5.40% and return on equity was 32.10% for WYNN. The company reported revenue of $1.42 billion for the quarter, compared to $953.33 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 49.34 percent. For the current quarter, analysts expect WYNN to generate $1.54B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/06/2023. Investors who held shares on 05/23/2023 were paid a $0.25 dividend. On an annualized basis, this represents a $1.00 dividend and a 0.92% percent yield. There was an ex-dividend date of 05/22/2023 for this dividend.
Wynn Resorts Limited(WYNN) Company Profile
Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The Wynn Palace segment operates private gaming salons and sky casinos; a luxury hotel tower with suites, and villas, including a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and performance lake and floral art displays. The Wynn Macau segment operates casino space with private gaming salons, sky casinos, and a poker room; a luxury hotel tower, that include health clubs, spas, a salon, and a pool; food and beverage outlets; retail space; meeting and convention space; and Chinese zodiac-inspired ceiling attractions. The Las Vegas Operations segment operates casino space with private gaming salons, a sky casino, a poker room, and a race and sports book; a luxury hotel tower with suites, and villas, including swimming pools, private cabanas, full-service spas and salons, and a wedding chapel; food and beverage outlets; meeting and convention space; retail space; and theaters, nightclubs, a beach club. The Encore Boston Harbor segment operates casino space with gaming areas, and a poker room; a luxury hotel tower including a spa and salon; food and beverage outlets and a nightclub; retail space; meeting and convention space; and a waterfront park, floral displays, and water shuttle service. Wynn Resorts, Limited was founded in 2002 and is based in Las Vegas, Nevada.
