4-Oct-2024
Wynn Resorts granted UAE’s first commercial gaming license
Seeking Alpha News (Sat, 5-Oct 10:34 AM ET)
Caesars Entertainment to buy back shares, offer senior notes
Seeking Alpha News (Wed, 2-Oct 10:36 AM ET)
Casino operators win legal battle over the use of algorithms and AI in setting room rates
Seeking Alpha News (Wed, 2-Oct 8:28 AM ET)
Wynn Resorts Announces Wynn Al Marjan Island Analyst & Investor Update Meeting
Business Wire (Tue, 1-Oct 6:27 PM ET)
Macau gaming revenue tops expectations as Golden Week begins
Seeking Alpha News (Tue, 1-Oct 6:46 AM ET)
WYNN Bullish Option Set Up with 3% Downside Cushion and 36% ROI
Market Chameleon (Fri, 27-Sep 10:36 AM ET)
WYNN Iron Condor Can Make 50% in Next 5 Days
Market Chameleon (Fri, 27-Sep 10:09 AM ET)
If WYNN Price Stays Between $88 to $95 Range This Iron Condor Will Yield 74%
Market Chameleon (Thu, 26-Sep 2:31 PM ET)
Business Wire (Tue, 10-Sep 4:02 PM ET)
Business Wire (Tue, 10-Sep 7:53 AM 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 October 4, 2024, WYNN stock price climbed to $105.45 with 3,841,244 million shares trading.
WYNN has a beta of 0.67, meaning it tends to be less sensitive to market movements. WYNN has a correlation of 0.08 to the broad based SPY ETF.
WYNN has a market cap of $11.70 billion. This is considered a Large Cap stock.
Last quarter WYNN Resorts reported $2 billion in Revenue and $1.12 earnings per share. This fell short of revenue expectation by $-37 million and missed earnings estimates by -$.09.
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, SPY.
WYNN has underperformed the market in the last year with a return of +20.7%, while SPY returned +36.6%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in WYNN shares. However, WYNN has outperformed the market in the last 3 month and 2 week periods, returning +21.1% and +32.3%, while SPY returned +4.2% and +0.8%, respectively. This indicates WYNN has been having a stronger performance recently.
WYNN support price is $100.76 and resistance is $105.40 (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.