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Wynn Macau (OTCMKTS:WYNMY) Shares Gap Down - Time to Sell?

Wynn Macau logo with Consumer Discretionary background

Key Points

  • Wynn Macau shares gapped down from a close of $9.01 to open at $8.70, reflecting a decline of 2.4% in trading volume.
  • The firm announced a dividend cut, planning to pay shareholders $0.2013 per share on October 1st, yielding 417.0%.
  • Wynn Macau operates integrated destination casino resorts in Macau, including the expansive Wynn Palace with extensive gaming and luxury accommodations.
  • Interested in Wynn Macau? Here are five stocks we like better.

Wynn Macau, Limited - Unsponsored ADR (OTCMKTS:WYNMY - Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $9.01, but opened at $8.70. Wynn Macau shares last traded at $8.70, with a volume of 1,107 shares trading hands.

Wynn Macau Stock Down 2.4%

The company's 50 day moving average is $8.52 and its 200 day moving average is $7.47.

Wynn Macau Cuts Dividend

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

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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