Wynn Resorts Ltd. has been outperforming competitors, even in the face of losses, prompting several finance experts to see some opportunity. Reports reveal that
ProShare Advisors LLC and the
Swiss National Bank have lowered their position in the company while the
State Board of Administration of Florida Retirement System and
Mirae Asset Global Investments Co. Ltd. have increased their existing shares.
Wynn reported strong first quarter 2024 results, recording soaring revenues and EBITDAR. Propelled by these impressive results, experts, including
Oppeinheimer & Co. Inc. and
Norden Group LLC, have revised their holdings in the company. Despite losses,
Wynn has shown considerable strength in key areas such as sustainability and community impact, reported in its 2023 Environmental, Social and Governance Report. The company also announced fresh images of Wynn Al Marjan Island and released a significant dividend. The company's shares have thus seen an upward trend, supported by strong Q4 2023 results and better-than-expected Q1 2024 results, primarily backed by strong revenues in
Macau. However, concerns persist over its performance in the market.
Wynn Resorts Ltd WYNN News Analytics from Wed, 08 Nov 2023 22:34:44 GMT to Sat, 20 Jul 2024 18:03:57 GMT -
Rating 6
- Innovation 0
- Information 5
- Rumor -4
