Wynn Resorts Ltd. has experienced significant movement in the stock market recently. A series of wins and losses have been experienced concurrently, showing the volatile nature of the market. Major institutions such as
Mather Group LLC,
Vanguard Group Inc., and
Los Angeles Capital Management LLC have increased their stakes in the company. Despite these achievements, the company's stock continuously underperforms in comparison to competitors.
Wynn Resorts Ltd. also released its
First Quarter 2024 Results which showed impressive revenue growth especially due to strong performance in Las Vegas and Macau. However, there are also concerns over economic weakness in China and their impact on the company. The company succeeded in securing an extension for a
third Las Vegas Project, further enhancing its value.
Wynn Resorts Ltd. overall, receives a
Moderate Buy rating from analysts. Meanwhile,
Wynn Resorts Ltd. impressively outperformed competitors on strong trading days, overcoming losses. Interestingly, the company’s stock rose even with notable underperformance in the market, and its shares remain relatively cheap despite recording another great quarter.
Wynn Resorts Ltd WYNN News Analytics from Wed, 08 Nov 2023 22:34:44 GMT to Sun, 23 Jun 2024 10:14:10 GMT -
Rating 2
- Innovation 1
- Information 6
- Rumor -8
