Wynn Macau (OTCMKTS:WYNMY) Shares Gap Up - Here's Why

Key Points

• Wynn Macau (OTCMKTS: WYNMY) gapped up at the open, rising from a $7.10 close to a $7.42 open and was last at $7.42 on light volume (396 shares), about 2.0% higher.
• The stock trades just below its 50-day SMA ($7.46) and well under its 200-day SMA ($8.16), showing it remains below key short- and long-term moving averages.
• Wynn Macau, a subsidiary of Wynn Resorts, operates two luxury integrated resorts in Macau—Wynn Macau and Wynn Palace—focused on high-end table games and VIP clientele.

Wynn Macau, Limited - Unsponsored ADR (OTCMKTS:WYNMY - Get Free Report)'s share price gapped up before the market opened on Monday . The stock had previously closed at $7.10, but opened at $7.42. Wynn Macau shares last traded at $7.42, with a volume of 396 shares changing hands.

Wynn Macau Trading Up 2.0%

The stock's 50-day simple moving average is $7.46 and its 200 day simple moving average is $8.16.

About Wynn Macau

Wynn Macau Limited, trading as an American depositary receipt on the OTC Markets under the symbol WYNMY, is an operator of luxury integrated resorts in the Macau Special Administrative Region of the People's Republic of China. As a subsidiary of Wynn Resorts, the company develops, owns and operates two world-class properties—Wynn Macau on the Macau Peninsula and Wynn Palace on Cotai—each offering a blend of gaming, hospitality and entertainment amenities.

The core of Wynn Macau's business is gaming, with a focus on high-end table games and electronic gaming machines that cater to premium mass and VIP clientele.

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