Wynn Macau (OTCMKTS:WYNMY) Sees Unusually-High Trading Volume - What's Next?

Key Points

• Wynn Macau experienced a significant increase in trading volume, with about 40,593 shares changing hands, a 72% rise from the previous day's volume.
• The company cut its dividend to $0.2013 per share, with a record date of September 5th, leading to a remarkable dividend yield of 417.0%.
• Wynn Macau primarily operates integrated casino resorts in Macau, including the Wynn Palace, featuring extensive casino space and luxury accommodations.

Wynn Macau, Limited - Unsponsored ADR (OTCMKTS:WYNMY - Get Free Report) shares saw strong trading volume on Tuesday . 40,593 shares were traded during trading, an increase of 72% from the previous session's volume of 23,583 shares.The stock last traded at $8.51 and had previously closed at $8.68.

Wynn Macau Stock Up 6.2%

The firm's 50 day simple moving average is $8.51 and its 200-day simple moving average is $7.46.

Wynn Macau Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, September 5th will be given a dividend of $0.2013 per share. The ex-dividend date is Thursday, September 4th. This represents a dividend yield of 417.0%.

Wynn Macau Company Profile

Wynn Macau, Limited, through its subsidiaries, engages in the development, ownership, and operation of integrated destination casino resorts in Macau. The company's Wynn Palace resort features approximately 468,000 square feet of casino space providing 24-hour gaming and various games comprising private gaming salons and sky casinos; a luxury hotel with guest rooms, suites, and villas; and food and beverage outlets.