Extremely important positive changes in investment behavior have recently occurred for Wynn Resorts Ltd (NASDAQ: WYNN): its shorter term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, positive upside/downside volume developed, and the stock rose on very heavy volume.
Positive development: significant quarterly earnings acceleration occurred. Negative development: significant quarterly sales deceleration occurred.
The stock is currently unrated.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to fall short of the cost of capital, WYNN is expected to be a major Value Eraser.
Wynn Resorts is currently unrated.
Recent Price Action
Wynn Resorts Ltd (NASDAQ: WYNN) stock enjoyed a very large increase of 7.2% on 9/27/24. The shares closed at $97.62. Moreover, exceptionally high trading volume at 419% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 21.8% during the last week.
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