Should You Buy Wynn Resorts, Limited (WYNN) Stock on Monday?

Wynn Resorts, Limited (WYNN) stock is higher by 0.01% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

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

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With WYNN Stock Today?

Wynn Resorts, Limited (WYNN) stock is trading at $86.88 as of 3:08 PM on Monday, Nov 27, a drop of -$1.43, or -1.62% from the previous closing price of $88.31. The stock has traded between $86.62 and $87.85 so far today. Volume today is low. So far 1,035,161 shares have traded compared to average volume of 2,572,014 shares. To screen for more stocks like Wynn Resorts, Limited click here.

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 2022, which we forecast to open in 2025. 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.