Wynn Resorts Ltd EVP and General Counsel Ellen Whittemore Sells 3,252 Shares
On January 12, 2024, the insider, Ellen Whittemore, EVP and General Counsel of Wynn Resorts Ltd (NASDAQ:WYNN), executed a sale of 3,252 shares in the company. The transaction was filed with the SEC and can be found through this SEC Filing.
Wynn Resorts Ltd is a developer and operator of high-end hotels and casinos. The company operates in the United States and Macau, with flagship properties including Wynn Las Vegas, Encore Boston Harbor, and Wynn Macau. The company's resorts offer a full range of amenities, including hotel rooms, retail space, restaurants, and entertainment venues.
Over the past year, the insider has sold a total of 17,815 shares and has not made any purchases. The recent sale by Ellen Whittemore is part of a broader pattern of insider transactions at Wynn Resorts Ltd, which has seen 14 insider sells and no insider buys over the past year.
On the day of the sale, shares of Wynn Resorts Ltd were trading at $94.07, resulting in a market capitalization of $10.632 billion. The company's price-earnings ratio stands at 1,176.38, significantly above both the industry median of 20.05 and the company's historical median price-earnings ratio.
The stock's price relative to the GuruFocus Value (GF Value) indicates a price-to-GF-Value ratio of 0.58, suggesting that the stock may be a possible value trap and warrants caution before investing.
The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on the company's past performance, and future business performance estimates provided by Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
