Wynn Macau (OTCMKTS:WYNMY) Shares Gap Down – Here’s Why

Wynn Macau, Limited – Unsponsored ADR (OTCMKTS:WYNMYGet Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $6.99, but opened at $6.6960. Wynn Macau shares last traded at $6.6960, with a volume of 356 shares trading hands.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on WYNMY shares. The Goldman Sachs Group raised Wynn Macau from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. CLSA downgraded Wynn Macau from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to data from MarketBeat.com, Wynn Macau presently has a consensus rating of “Strong Buy”.

Read Our Latest Analysis on Wynn Macau

Wynn Macau Stock Performance

The firm’s 50-day simple moving average is $7.12 and its two-hundred day simple moving average is $7.08.

About Wynn Macau

(Get Free Report)

Wynn Macau Limited is a Macau-based hospitality and gaming company and a subsidiary of Wynn Resorts, Limited. The company develops and operates integrated resort properties that combine casino gaming with luxury accommodations, dining, retail, entertainment and leisure amenities.

Its principal properties are Wynn Macau, located on the Macau Peninsula, and Wynn Palace, located in the Cotai area. The resorts offer gaming facilities, hotel rooms and suites, restaurants, spas, retail outlets, meeting and convention space, and entertainment attractions.

Further Reading

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