Wynn Resorts Surged the Most in the SP500, Posting a New 52-Week High - TradersHuddle.com

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NASDAQ:WYNN New York, October 11th (Tradershuddle.com) – Shares of Wynn Resorts (NASDAQ:WYNN) surged the most in the S&P 500 after its shares rallied 8.45% to $101.78.

 

Wynn Resorts (NASDAQ:WYNN), the luxury casino operator, spiked and led

other casino operators after a report from the Nevada Gaming Control Board showed that the gambling revenue for Las Vegas Strip jumped 21% year over year in August. Analysts have a Buy rating on the stock not just because the potential of a recovery in the Las Vegas market, but also because the company generates about 60% of revenue from its properties in Asia.

 

The move to the upside came with strong volume; 9.3 million shares traded, 3.58 times Wynn’s average 90day volume of 2.6 million shares.

 

The stock's 52-week low is $51.73, and its 52-week high is $102.75, posted today.

 



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