Wynn Resorts, Limited (WYNN) experienced turbulent activity. Orvieto Partners purchased 50,000 shares, as did Gabelli Funds, Resona Asset Management, and RBF Capital. Similarly, Golden Nugget owner, Tilman Fertitta, increased his stake, making a hefty $27.87 million purchase. Elaine Wynn, co-founder and major shareholder, passed away. Despite recent price target reductions by Argus and Barclays due to recovery concerns in Macau and sector challenges, Wynn continues to appeal to investors, being highlighted as among the best gambling and discretionary stocks by analysts. The company surpassed Q4 earnings estimates, although revenue fell year-on-year. Firstly
Q1 earnings release date announced, expanding its investor relations and nominating Anthony Sanfilippo to the board.
Billionaire Fertitta increased his stake during a market selloff, prompting increased investor interest. However, the company's recent $1.4billion drop has led to speculation of drastic measures by institutional owners. In spite of it,
Wynn Resorts acquired Crown London and completed financing for its Al Marjan Island project. The executive board underwent change, with Christina Kraus joining as Executive Director- People and Culture and the nomination of Anthony Sanfilippo to the Board of Directors.
Wynn Resorts Ltd WYNN News Analytics from Fri, 06 Sep 2024 07:00:00 GMT to Sat, 26 Apr 2025 13:05:09 GMT -
Rating 3
- Innovation -5
- Information 7
- Rumor -3
