Where Will Wynn Resorts, Limited (WYNN) Stock Go Next After It Has Risen 1.44% in a Week?

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

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With WYNN Stock Today?

Wynn Resorts, Limited (WYNN) stock has fallen -1.22% while the S&P 500 is higher by 0.3% as of 2:21 PM on Friday, Jun 9. WYNN is lower by -$1.26 from the previous closing price of $103.06 on volume of 1,004,612 shares. Over the past year the S&P 500 is up 4.64% while WYNN is higher by 44.85%. WYNN lost -$2.01 per share in the over the last 12 months.

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.