It opened at $91.70 after closing at 90.92 in the last session, and was last noted trading at $88.96. The stock slipped to a 2 1/2 week low. Traditionally, VIP gamblers have brought in higher profits for these companies compared to mass market middle-income gamblers who account for more transactions but have lesser money on the line overall. Norges Bank bought a new position in Wynn Resorts, Limited during the fourth quarter valued at approximately $38,032,000.
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The company has a 50 day moving average of 86.54 and a 200 day moving average of 70.2.
Wynn Resorts, Limited (NASDAQ:WYNN) opened at 93.40 on Friday. Though top line figures for the giant entertainment company was below Wall Street analysts’ anticipations, but its bottom line figures were better-than-prediction. Revenue for the period is expected to total almost $998.33M from $1.09B the year-ago period. It had reported earnings per share of $3.11 in the corresponding quarter of the previous year. Taking a look at the current year, analysts are anticipating an change in earnings per share of -73.20%.
A number of equities analysts have recently weighed in on WYNN shares. Sanford C. Bernstein reiterated an “outperform” rating on shares of Wynn Resorts, Limited in a research note on Monday, February 1st.
Wynn Resorts Limited closed down -1.34 points or -1.41% at $93.4 with 27,54,961 shares getting traded on Monday.
Wynn is company chief executive and chairman. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company’s stock.
Wynn Resorts Ltd. engages in the development and management of casino resorts. Fourth Swedish National Pension Fund raised its stake in shares of Wynn Resorts, Limited by 7.3% in the fourth quarter. Andra AP fonden boosted its stake in shares of Wynn Resorts, Limited by 137.7% in the fourth quarter.
The Next Quarter’s sales estimate is determined at $1.02B by 14 analysts as well as sales projection for the Next year is set $5.44B by 17 analysts.
Shares, down 30% over the past 12 months, fell 1.6% to $89.49 in after-hours trading. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. A total of 4.54 million shares of the company’s stock traded hands. The disclosure for this purchase can be found here.
Wynn Resorts, Limited is a developer, owner and operator of destination casino resorts which integrate accommodations and amenities, including fine dining, premium retail offerings, distinctive entertainment and convention facilities. Wynn Resorts owns and operates Wynn and Encore Las Vegas (www.wynnlasvegas.com) and Wynn and Encore Macau (www.wynnmacau.com).
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