Wynn Resorts Ltd. has been experiencing a tumultuous period recently, illustrating a mixed performance despite distinct periods of underperformance in the market. Gains such as the
Bank of New York Mellon Corp acquiring over 23,000 shares, recording record EBITDAR due to soaring Q4 revenue, better-than-expected Q1 results, and strong Macau revenues indicate promise. Wynn Resorts has unveiled new details about the next development phase of
Hudson Yards, indicating progress on their projects. However, worries about potential bearish signals arose with insiders shedding stock. Moreover, the company reported less-than-ideal Q2 2024 earnings with EPS of $0.91 which missed estimates.
Zurcher Kantonalbank Zurich Cantonalbank and Research Analysts downsized their shares and predictions, respectively. Yet, Ken Fisher dubbed Wynn Resorts as one of his top growth stock picks currently, and the company continues to yield extensive backing for their community projects, and released updated images of
Wynn Al Marjan Island. There is also speculation about the development of land in Las Vegas, sparking an air of anticipation in the market. Despite this, the company is facing several challenges, including concerns over economic weakness in China. Furthermore, its stock hit a 52-week low, trading at $81.65.
Wynn Resorts Ltd WYNN News Analytics from Wed, 08 Nov 2023 22:34:44 GMT to Sun, 01 Sep 2024 10:28:04 GMT -
