Wynn Resorts (WYNN) in Focus: Stock Rises 6.4%
Wynn Resorts, Limited WYNN was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $125.63 – $138.98 in the past one-month time frame, witnessed a sharp increase yesterday.
The move came after analysts at Deutsche Bank apparently upgraded the stock to a buy from a hold and raised its target price.
The company has seen two positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Wynn Resorts. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Wynn Resorts currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Wynn Resorts, Limited Price and Consensus
Wynn Resorts, Limited Price and Consensus | Wynn Resorts, Limited Quote
A better-ranked stock in the Gaming industry is Melco Crown Entertainment Limited MLCO which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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Wynn Resorts, Limited (WYNN) : Free Stock Analysis Report
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