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Wynn Macau (OTCMKTS:WYNMY) Sees Large Volume Increase - Still a Buy?

Wynn Macau logo with Consumer Discretionary background

Shares of Wynn Macau, Limited - Unsponsored ADR (OTCMKTS:WYNMY - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 51,425 shares traded hands during mid-day trading, an increase of 91% from the previous session's volume of 26,931 shares.The stock last traded at $8.31 and had previously closed at $7.97.

Analyst Upgrades and Downgrades

Separately, UBS Group lowered shares of Wynn Macau from a "hold" rating to a "strong sell" rating in a research report on Wednesday, April 30th.

View Our Latest Stock Report on Wynn Macau

Wynn Macau Stock Performance

The stock's 50 day simple moving average is $7.00 and its two-hundred day simple moving average is $6.91.

Wynn Macau Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, June 26th. Shareholders of record on Thursday, May 29th were paid a dividend of $0.2015 per share. The ex-dividend date of this dividend was Wednesday, May 28th. This represents a yield of 4.2%. This is an increase from Wynn Macau's previous dividend of $0.08.

Wynn Macau Company Profile

(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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