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Is Wynn Resorts, Limited (WYNN) a Stock to Watch After Gaining 4.55% This Week?

Friday, January 27, 2023 11:47 AM | InvestorsObserver Analysts

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Is Wynn Resorts, Limited (WYNN) a Stock to Watch After Gaining 4.55% This Week?

Overall market sentiment has been high on Wynn Resorts, Limited (WYNN) stock lately. WYNN receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
Wynn Resorts, Limited has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on WYNN!

What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With WYNN Stock Today?

Wynn Resorts, Limited (WYNN) stock is trading at $103.79 as of 11:37 AM on Friday, Jan 27, a rise of $0.94, or 0.91% from the previous closing price of $102.85. The stock has traded between $102.06 and $103.87 so far today. Volume today is light. So far 475,751 shares have traded compared to average volume of 2,607,889 shares.

More About Wynn Resorts, Limited

Wynn Resorts operates luxury casinos and resorts. The company was founded in 2002 by Steve Wynn, the former CEO. The company operates four megaresorts: Wynn Macau and Encore in Macao and Wynn Las Vegas and Encore in Las Vegas. Cotai Palace opened in August 2016 in Macao, Encore Boston Harbor in Massachusetts opened June 2019. Additionally, we expect the company to begin construction on a new building next to its existing Macao Palace resort in 2023, which we forecast to open in 2026. The company also operates Wynn Interactive, a digital sports betting and iGaming platform. The company received 76% and 24% of its 2019 prepandemic EBITDA from Macao and Las Vegas, respectively. Click Here to get the full Stock Report for Wynn Resorts, Limited stock.

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