Wynn Resorts Ltd. (NASDAQ:WYNN) has seen its share performance fluctuate, generally underperforming the wider stock market despite periodic rises. The company's Q2 2024 results missed estimates, with a revenue of $1.73 billion and EPS of $0.91, but achieved a record in Q2 adjusted property EBITDAR. Lecap Asset Management Ltd acquired 9,091 shares, and Atria Wealth Solutions Inc. added 6,423 shares, however, Chevy Chase Trust Holdings LLC decreased their position. Major management changes have seen Max Tappeiner appointed as the president of Wynn Al Marjan in the UAE. The company has declared future development in Las Vegas, and further plans in the UAE in partnership with MGM Resorts. Despite the fact that some investors have incurred a loss of 21% over the last three years, Wynn Resorts remains one of Ken Fisher's top growth picks. It has also been highlighted that Wynn Resorts posted a better-than-expected Q3 profit on the recovery of the Macau business. The desirability of their stock is reinforced by a dividend of $0.25.
Wynn Resorts Ltd WYNN News Analytics from Wed, 08 Nov 2023 22:34:44 GMT to Sun, 25 Aug 2024 11:54:33 GMT -
Rating 5
- Innovation 3
- Information 7
- Rumor -2
