Prev Arrow Stocks

Wynn Resorts Limited ($WYNN) Stock Forecast: Down 3.5% Today

Morpher AI identified a bearish signal. The stock price may continue to fall based on the momentum of the negative news.

What is Wynn Resorts Limited?

Wynn Resorts (WYNN) is a renowned hospitality company known for its high-end resorts and casinos worldwide. The stock experienced a significant bearish movement in today's market.

Why is Wynn Resorts Limited going down?

WYNN stock is down 3.5% on Feb 20, 2024 15:45

  • Wynn Resorts (WYNN) witnessed a strong bearish movement possibly due to the news of selling a New York mobile sports wagering license to PENN Entertainment (PENN).
  • The deal between Wynn Resorts and PENN Entertainment might have raised concerns among investors about potential loss of revenue or market share for WYNN in the sports betting landscape.
  • This market movement could be a reaction to the shifting dynamics in the sports betting industry, with Wynn Resorts making strategic decisions to optimize its business portfolio.

WYNN Price Chart

WYNN News

Has Netflix ( NFLX ) Outpaced Other Consumer Discretionary Stocks This Year?

Here is how Netflix (NFLX) and Wynn Resorts (WYNN) have performed compared to their sector so far this year.

https://www.zacks.com/stock/news/2227923/has-netflix-nflx-outpaced-other-consumer-discretionary-stocks-this-year

News Article Image Has Netflix  ( NFLX )  Outpaced Other Consumer Discretionary Stocks This Year?

Thomas J. Henry Takes Corporate Team Building to a Super Level

https://kwhen.com/finance/news/6782b318-a154-49ba-ad52-3c402e6b3aac

News Article Image Thomas J. Henry Takes Corporate Team Building to a Super Level

Penn and Wynn Resorts shake up New York sports betting landscape with license deal

No summary available.

https://seekingalpha.com/news/4066604-penn-and-wynn-resorts-shake-up-new-york-sports-betting-landscape-with-license-deal?feed_item_type=news

News Article Image Penn and Wynn Resorts shake up New York sports betting landscape with license deal

ESPN Bet Is Coming To New York: What Penn Entertainment Investors, Sports Bettors Should Know - PENN Entertainment ( NASDAQ:PENN )

A leading casino and sports betting company acquired a mobile sports license for New York, giving it access to one of the key markets. What Happened: On Tuesday, PENN Entertainment PENN purchased a New York mobile sports wagering license from Wynn Interactive, a unit of Wynn Resorts WYNN for $25 ...

https://www.benzinga.com/general/sports-betting/24/02/37102291/espn-bet-is-coming-to-new-york-what-penn-entertainment-investors-sports-bettors-should-kno

News Article Image ESPN Bet Is Coming To New York: What Penn Entertainment Investors, Sports Bettors Should Know - PENN Entertainment  ( NASDAQ:PENN )

Wynn Resorts Limited Price History

20.01.2024 - WYNN Stock was down 3.5%

  • Wynn Resorts (WYNN) witnessed a strong bearish movement possibly due to the news of selling a New York mobile sports wagering license to PENN Entertainment (PENN).
  • The deal between Wynn Resorts and PENN Entertainment might have raised concerns among investors about potential loss of revenue or market share for WYNN in the sports betting landscape.
  • This market movement could be a reaction to the shifting dynamics in the sports betting industry, with Wynn Resorts making strategic decisions to optimize its business portfolio.

09.01.2024 - WYNN Stock was up 6.2%

  • The bullish movement in WYNN stock today can be attributed to the following factors:
  • 1. Buyback Offer: Wynn Resorts' announcement of an $800 million senior notes buyback offer indicates a strategic move to improve its financial position. This move instills confidence in investors, leading to a positive market response.
  • 2. Additional Senior Notes: The pricing and offering of an additional $400 million in senior notes by Wynn Resorts and its subsidiaries further strengthens the company's finances. This move suggests a proactive approach to managing debt and enhancing liquidity, which is viewed positively by investors.
  • 3. Market Confidence: The overall positive sentiment in the hospitality and gaming industry, along with Wynn Resorts' reputation for luxury offerings, has likely contributed to the bullish movement. Investors may see Wynn Resorts as a solid investment option in a recovering market.
  • 4. Limited Information: Although an article from Seeking Alpha does not provide a summary, it is possible that it contains additional details or perspectives that could have influenced the market movement. However, without further information, it is challenging to determine its impact on Wynn Resorts' stock.
  • Overall, the combination of Wynn Resorts' financial initiatives, market confidence, and positive industry outlook likely contributed to the bullish movement in WYNN stock today.

09.01.2024 - WYNN Stock was up 6.2%

  • Wynn Resorts is boosting its financial standing by offering an additional $400 million in senior notes, which could be seen as a positive move by investors.
  • The announcement of the private add-on offering of $400 million could have generated excitement and confidence in the market, leading to a bullish movement.
  • The news of Wynn Resorts performing well in Macao and Vegas could have also contributed to the bullish sentiment, as investors may see potential for increased revenue and profitability.
  • The fact that Jim Cramer's Charitable Trust is buying more shares of WYNN could have further fueled positive sentiment among traders.

09.01.2024 - WYNN Stock was up 6.2%

  • Wynn Resorts announced the issuance of $400 million in additional senior notes, which could indicate a positive outlook for the company's financials.
  • The private add-on offering of $400 million by Wynn Resorts suggests that there is investor interest in the company.
  • Wynn Resorts reported strong Q4 earnings, with adjusted earnings per share increasing and revenue spiking by 152%, indicating a positive performance for the company.
  • The positive market movement could also be attributed to the overall strength of the casino industry, with Macao back on track and Vegas performing well.

09.01.2024 - WYNN Stock was up 6.2%

  • Wynn Resorts announced a successful private add-on offering of $400M, indicating investor confidence and potential growth opportunities.
  • The company reported strong Q4 earnings, with adjusted earnings per share increasing significantly compared to the previous year.
  • Positive financial results from Arm Holdings and other big stocks may have contributed to the overall bullish sentiment in the market.
  • The increase in Wynn Resorts' weighting in Jim Cramer's Charitable Trust also suggests positive sentiment and potential long-term growth prospects.

08.01.2024 - WYNN Stock was up 6.2%

  • Wynn Resorts reported strong Q4 earnings with adjusted earnings per share of $1.91, up from a loss of $1.23 per share last year.
  • The company's revenue spiked 83% to $1.84 billion, marking its fourth consecutive quarter of double-digit gains.
  • The positive earnings and revenue results contributed to the bullish movement of WYNN stock today.
  • Additionally, the news of Macao's recovery and Vegas' strong performance also influenced investor confidence in Wynn Resorts, leading to the bullish market movement.

08.01.2024 - WYNN Stock was up 6.7%

  • Wynn Resorts reported strong Q4 earnings, with adjusted earnings per share increasing significantly and revenue spiking 152%.
  • The company's performance in Macau and Las Vegas operations contributed positively to its financial results.
  • Positive financial results and upbeat guidance from Arm Holdings, another big stock, may have also influenced the bullish movement of WYNN.
  • It's worth noting that Wynn Resorts was downgraded to a hold rating as its shares were seen trading near fair value. However, this did not seem to impact the bullish market movement today.

08.01.2024 - WYNN Stock was up 6.2%

  • Wynn Resorts reported strong Q4 earnings, with adjusted earnings per share increasing significantly and revenue spiking 152%.
  • The positive financial results and consecutive quarters of double-digit gains contributed to the bullish movement of WYNN stock.
  • The upbeat results of Arm Holdings and other big stocks also contributed to the overall bullish sentiment in the market.
  • Despite a hold rating and shares trading near fair value, the market still showed confidence in Wynn Resorts, as evidenced by the buying activity and the private add-on offering of senior notes.

08.01.2024 - WYNN Stock was up 8.3%

  • Wynn Resorts announced a private add-on offering of $400 million of senior notes, which could have contributed to the bullish movement as it indicates potential growth or expansion plans.
  • The company also declared a quarterly cash dividend, which could have attracted investors and positively impacted the stock price.
  • Wynn Resorts received 22 Five-Star Awards from Forbes Travel Guide, which could have boosted investor confidence and perception of the company's brand value.
  • The overall positive sentiment in the casino industry, with Macao back on track and Vegas performing well, could have also influenced the bullish movement of WYNN stock.

10.10.2023 - WYNN Stock was down 8.4%

  • Despite reporting strong Q3 results, Wynn Resorts' stock fell 5.5% in extended trading.
  • The company's robust topand bottom-line beat was not enough to prevent the bearish movement.
  • The ongoing negotiations and labor deals with MGM Resorts and Caesars Entertainment may have contributed to the market movement.
  • The mention of "particular strength" in the group's businesses in Macao by CEO Craig Billings could be seen as a positive, but it did not have a significant impact on the stock's movement.

11.07.2023 - WYNN Stock was down 4.8%

  • Wynn Resorts experienced a bearish movement in the stock market today.
  • The negative sentiment towards F-rated dividend stocks might have affected investor confidence in Wynn Resorts.
  • The Fear & Greed Index remaining in the "Greed" zone despite inflation data could indicate a shift in investor sentiment away from riskier assets like Wynn Resorts.
  • The lack of specific news articles directly related to Wynn Resorts makes it difficult to pinpoint a specific event that caused the bearish movement.

05.06.2023 - WYNN Stock was down 3.8%

  • The bearish movement in Wynn Resorts' stock could be attributed to the negative sentiment expressed in an article from Investor Place, which highlights the need to cut ties with weak investments. This may have influenced investors to sell their shares in Wynn Resorts.
  • The positive movement in the stock mentioned in an article from Zacks Commentary seems to be an outlier, as the overall market sentiment is bearish. It may not have had a significant impact on the overall market movement.
  • The mention of Wynn Resorts in an article from Benzinga alongside other companies like Home Depot and Charles Schwab does not provide any specific information about the market movement of Wynn Resorts.
  • The positive investment outlook mentioned in an article from Seeking Alpha contradicts the bearish market movement. It is possible that the positive outlook is based on a longer-term perspective rather than the immediate market movement.
  • Overall, the bearish movement in Wynn Resorts' stock today could be influenced by the negative sentiment expressed in an article from Investor Place, suggesting that the stock may be considered a weak investment. However, the positive investment outlook mentioned in an article from Seeking Alpha indicates a more optimistic view for the company's future.
i
Disclaimer
Morpher is not liable for the content of the AI investment insights. Like most GPT-powered tools, these summaries may contain AI hallucinations and inaccurate information. Morpher is not presenting you with any investment advice. All investments involve risk, and the past performance of a security, industry, sector, market, or financial product does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. These summaries do not constitute investment advice.