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Wynn Resorts (WYNN) Looks Good: Stock Adds 8.4% in Session

Zacks Equity Research

Wynn Resorts, Limited WYNN was a big mover last session, as the company saw its shares rise more than 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $115.64 to $125.57 in the past one-month time frame.

The move came after the company’s gaming-related revenue from its Macau operation for March 2019 surpassed investor’s expectations.

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 #2 (Buy) while its Earnings ESP is negative.

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Wynn Resorts, Limited Price

Wynn Resorts, Limited Price | Wynn Resorts, Limited Quote

Investors interested in the Consumer Discretionary sector may consider The Madison Square Garden Company MSG, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is WYNN going up? Or down? Predict to see what others think:Up or Down

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