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Wynn Macau (OTCMKTS:WYNMY) Sees Unusually-High Trading Volume - Here's Why

Wynn Macau logo with Consumer Discretionary background

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.
  • MarketBeat previews the top five stocks to own by October 1st.

Shares of Wynn Macau, Limited - Unsponsored ADR (OTCMKTS:WYNMY - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 40,593 shares changed hands during mid-day 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 Price Performance

The company's 50-day moving average is $8.48 and its two-hundred day moving average is $7.42.

Wynn Macau Cuts Dividend

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

About Wynn Macau

(Get Free Report)

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.

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