Wynn Macau (OTCMKTS:WYNMY) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Wynn Macau, Limited – Unsponsored ADR (OTCMKTS:WYNMY) saw strong trading volume on Thursday . 138,070 shares changed hands during mid-day trading, an increase of 641% from the previous session’s volume of 18,621 shares.The stock last traded at $7.32 and had previously closed at $7.30.

Analyst Upgrades and Downgrades

Separately, Citigroup upgraded shares of Wynn Macau from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Wynn Macau Trading Down 0.4%

The company has a 50-day simple moving average of $7.75 and a two-hundred day simple moving average of $8.29.

About Wynn Macau

Wynn Macau Limited, trading as an American depositary receipt on the OTC Markets under the symbol WYNMY, is an operator of luxury integrated resorts in the Macau Special Administrative Region of the People’s Republic of China. As a subsidiary of Wynn Resorts, the company develops, owns and operates two world-class properties—Wynn Macau on the Macau Peninsula and Wynn Palace on Cotai—each offering a blend of gaming, hospitality and entertainment amenities.

The core of Wynn Macau’s business is gaming, with a focus on high-end table games and electronic gaming machines that cater to premium mass and VIP clientele.