17-Jan-2025
One of the most iconic resorts on the Las Vegas Strip is getting renovated
Seeking Alpha News (Mon, 20-Jan 11:22 AM ET)
Wynn Resorts Set to Acquire Crown London From Crown Resorts
Business Wire (Thu, 9-Jan 7:18 PM ET)
Wynn Resorts Bolsters Investor Relations Team
Business Wire (Wed, 11-Dec 7:00 AM ET)
Wynn Resorts Offers Construction Update of Wynn Al Marjan Island
Business Wire (Thu, 21-Nov 12:00 PM ET)
Wynn Resorts, Limited Reports Third Quarter 2024 Results
Business Wire (Mon, 4-Nov 4:02 PM ET)
Wynn Resorts Announces Third Quarter Earnings Release Date
Business Wire (Mon, 28-Oct 4:02 PM ET)
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, and Encore Boston Harbor in Massachusetts opened June 2019. We expect the company to continue to build nongaming attractions in Macao over the next few years. We model Wynn's managed integrated resort in the United Arab Emirates to open in 2027. 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 the US, respectively.
WYNN Resorts trades on the NASDAQ stock market under the symbol WYNN.
As of January 17, 2025, WYNN stock price climbed to $84.67 with 2,799,493 million shares trading.
WYNN has a market cap of $9.40 billion. This is considered a Mid Cap stock.
Last quarter WYNN Resorts reported $2 billion in Revenue and $.90 earnings per share. This fell short of revenue expectation by $-37 million and missed earnings estimates by -$.11.
In the last 3 years, WYNN traded as high as $117.86 and as low as $50.20.
The top ETF exchange traded funds that WYNN belongs to (by Net Assets): VTI, VOO, VB, RSP, VBK.
WYNN has underperformed the market in the last year with a return of -6.0%, while the SPY ETF gained +28.0%. In the last 3 month period, WYNN fell short of the market, returning -13.3%, while SPY returned +3.0%. However, in the most recent 2 weeks WYNN has outperformed the stock market by returning +1.6%, while SPY returned +1.0%.
WYNN support price is $80.84 and resistance is $84.17 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that WYNN shares will trade within this expected range on the day.