Remember that 87.50 gap fill? Every time WYNN breaches that it pops from near that level every time. Into my playbook
Traders are wagering on gains in Wynn Resorts by the end of summer. optionMONSTER's market scanner shows that more than 2,000 September 90 calls were purchased for $6.70 to $7.25 today. Volume surpassed open interest of 1,082 contracts, indicating that new positions were established. http://finance.yahoo.com/news/wynn-resorts-ltd-draws-upside-163332305.html
Wynn Resorts (WYNN) Stock Slumps on Ratings Downgrade https://www.thestreet.com/story/136...ratings-downgrade.html?puc=yahoo&cm_ven=YAHOO
The reaction down as a result of the analcyst downgrade was rather muted as was the trading volume which speaks to the lack of supply (unless that downgrade came after the close). Apparently the public has been well relieved of their stock already and the strong hands should be nearly ready to make their final purchases and drive the price higher. I was waiting for a spring of 91 but it may find support higher, say 92.
Wynn wins key environmental permit for Boston-area casino http://finance.yahoo.com/news/wynn-wins-key-environmental-permit-191555527.html
Wynn Resorts (WYNN) Stock Slides Despite Q2 Earnings Beat Wynn Resorts (WYNN) stock is falling in after-hours trading on Thursday even though the casino and resorts company posted better-than-expected earnings and revenue for the 2016 second quarter. EW YORK (TheStreet) -- Wynn Resorts (WYNN) posted earnings and revenue that surpassed analyst' estimates for the 2016 second quarter after Thursday's closing bell. The Las Vegas-based casino and resort company reported adjusted earnings of $1.07 per share, exceeding analysts' expectations of 91 cents per share. Revenue for the period was $1.06 billion, above analysts' projections of $1.02 billion. Macau revenues rose 3.6% to $639.3 million from last year. But Las Vegas revenues declined 1.1% to $419 million year-over-year. Shares of Wynn Resorts are retreating 5.64% to $98.76 in after-hours trading on Thursday. About 3.08 million of the company's shares were traded today compared to its average volume of 2.63 million shares per day. https://www.thestreet.com/story/136...-q2-earnings-beat.html?puc=yahoo&cm_ven=YAHOO
I think think so The sell off is a overkill and from what I read it was on table allocation for new casino in Macau
WYNN hit the long term support line this morning. TTT is there a play here if I were to get in today? Earnings looked good - I'm thinking this is a buy opportunity
Not for me Joe, I am in two gaming stocks already. There probably is a play though as I think the drop is an over kill... There was a 1% drop on Vegas earnings YOY which is odd. Even with that WYNN crushed the numbers.
Wynn Resorts Falls As Macau Restricts Tables At New Casino Wynn Resorts (WYNN), Las Vegas Sands (LVS), MGM Resorts (MGM), Melco Crown Entertainment (MPEL) and other Macau-centric casino operators are seeing signs that the recession there may be nearing an end. Wynn Resorts is among those in the group opening new multi-billion-dollar casinos to welcome back tourists and high roller "VIP" gamblers when the expected upturn comes. July year-over-year gross gambling revenue for Macau was down 4.5% to $2.22 billion, slowing from an 8.5% drop in June and a 9.6% decline in June. But Macau officials told Steve Wynn that his new $4.2 billion Wynn Palace resort, scheduled to open by end of the year, will get 150 gaming tables. That's a little more than a third of the number he asked for. The Macau government also set a limit of 1,145 gaming machines for the casino. Wynn Resorts Falls As Macau Restricts Tables At New Casino http://www.investors.com/news/macau-govt-limits-tables-at-wynn-palace-resort-set-to-open-this-year/
Following the dots on WYNN, it went up 3% or so on rumor that Carl Ichan was going to take a stake. Then when the rumor was squashed it give back the gains. The negative right now for WYNN is not getting the expected table allocation for his new casino in Macau. With Vegas heating up and Macau getting less worse I think WYNN will do just fine.
I know this was on the back burner and good news for Steve Wynn but not sure why WYNN Macau is down tonight in a up market Wynn confirms transfer of 250 tables to Wynn Palace http://www.ggrasia.com/wynn-confirms-transfer-of-250-tables-to-wynn-palace/
