Price Action To Observe: What’s Ahead for Wynn Resorts, Limited After Today’s Huge Decline?

Price Action To Observe: What's Ahead for Wynn Resorts, Limited After Today's Huge Decline?

The stock of Wynn Resorts, Limited (NASDAQ:WYNN) is a huge mover today! The stock decreased 3.15% or $3.17 during the last trading session, hitting $97.42. About 6.74 million shares traded hands or 79.26% up from the average. Wynn Resorts, Limited (NASDAQ:WYNN) has risen 18.11% since February 29, 2016 and is uptrending. It has outperformed by 7.69% the S&P500.
The move comes after 8 months negative chart setup for the $9.81B company. It was reported on Oct, 1 by We have $89.63 PT which if reached, will make NASDAQ:WYNN worth $784.80M less.

Analysts await Wynn Resorts, Limited (NASDAQ:WYNN) to report earnings on October, 20. They expect $0.81 earnings per share, down 5.81% or $0.05 from last year’s $0.86 per share. WYNN’s profit will be $81.57M for 30.07 P/E if the $0.81 EPS becomes a reality. After $1.07 actual earnings per share reported by Wynn Resorts, Limited for the previous quarter, Wall Street now forecasts -24.30% negative EPS growth.

Wynn Resorts, Limited (NASDAQ:WYNN) Ratings Coverage

Out of 18 analysts covering Wynn Resorts (NASDAQ:WYNN), 8 rate it a “Buy”, 2 “Sell”, while 8 “Hold”. This means 44% are positive. Wynn Resorts has been the topic of 35 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The rating was maintained by Telsey Advisory Group on Thursday, November 19 with “Market Perform”. The rating was downgraded by Nomura on Friday, July 29 to “Reduce”. The rating was upgraded by Jefferies to “Hold” on Monday, October 19. The firm has “Neutral” rating by JP Morgan given on Thursday, July 14. The firm has “Overweight” rating by JP Morgan given on Wednesday, March 30. The firm earned “Neutral” rating on Friday, March 11 by Sterne Agee CRT. On Thursday, September 3 the stock rating was maintained by Argus Research with “Hold”. The company was maintained on Friday, April 1 by Goldman Sachs. Telsey Advisory Group maintained Wynn Resorts, Limited (NASDAQ:WYNN) on Friday, July 29 with “Outperform” rating. Credit Suisse maintained the stock with “Outperform” rating in Friday, October 16 report.

According to Zacks Investment Research, “Wynn Resorts Limited and its wholly-owned subsidiaries Wynn Las Vegas and Wynn Capital will own and operate Le Reve, which they’ve designed to be the preeminent luxury hotel and destination casino resort in Las Vegas. Le Reve will be situated at the site of the former Desert Inn & Casino on the Las Vegas Strip in Las Vegas, Nevada.”

Insitutional Activity: The institutional sentiment decreased to 1.01 in Q2 2016. Its down 0.37, from 1.38 in 2016Q1. The ratio is negative, as 45 funds sold all Wynn Resorts, Limited shares owned while 135 reduced positions. 50 funds bought stakes while 131 increased positions. They now own 75.05 million shares or 4.08% less from 78.24 million shares in 2016Q1.
Magnetar Financial Lc owns 3,946 shares or 0.01% of their US portfolio. Seven Eight Capital Limited Co has 2,714 shares for 0.08% of their US portfolio. Capstone Inv Advsrs Ltd Liability Corporation accumulated 7,700 shares or 0.01% of the stock. Charter Com has 0.03% invested in the company for 3,179 shares. The California-based Whittier has invested 0% in Wynn Resorts, Limited (NASDAQ:WYNN). Rothschild Investment Il last reported 0.08% of its portfolio in the stock. Caisse De Depot Et Placement Du Quebec reported 35,500 shares or 0.01% of all its holdings. Sector Pension Invest Board accumulated 0.02% or 15,350 shares. Lord Abbett & Co Ltd Limited Liability Company holds 518,193 shares or 0.15% of its portfolio. Kcg Holding last reported 0.07% of its portfolio in the stock. Hightower Advsrs, a Illinois-based fund reported 5,273 shares. Kbc Nv accumulated 11,286 shares or 0.01% of the stock. Hbk Invs L P holds 212,424 shares or 0.16% of its portfolio. Qs Ltd accumulated 1,148 shares or 0% of the stock. Parallax Volatility Advisers Ltd Partnership holds 170,087 shares or 0.03% of its portfolio.

More notable recent Wynn Resorts, Limited (NASDAQ:WYNN) news were published by: which released: “Why CalAmp Corp. (CAMP), Cognizant Technology Solutions Corp (CTSH) and Wynn …” on September 30, 2016, also with their article: “3 Levels to Watch On Wynn Resorts, Limited (WYNN)” published on September 30, 2016, published: “3 Stocks With Better Dividends Than Wynn Resorts, Limited” on September 20, 2016. More interesting news about Wynn Resorts, Limited (NASDAQ:WYNN) were released by: and their article: “Wynn Resorts, Limited’s Best Moves in 2016 So Far” published on September 08, 2016 as well as‘s news article titled: “Call Buyers Blast Booming Wynn Resorts, Limited (WYNN)” with publication date: September 14, 2016.

WYNN Company Profile

Wynn Resorts, Limited (Wynn Resorts), incorporated on June 3, 2002, is a developer, owner and operator of destination casino resorts that integrate accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters and meeting complexes. The Firm operates through two divisions: Macau Operations and Las Vegas Operations. In Macau, it owns interest in Wynn Macau, Limited and operates Wynn Macau and Encore at Wynn Macau. In Las Vegas, Nevada, it owns and operates Wynn Las Vegas and Encore at Wynn Las Vegas. In addition, the Company is developing an integrated casino resort in Everett, Massachusetts.

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