Wynn Macau (OTCMKTS:WYNMY) Shares Gap Up - Still a Buy?

Key Points

• Wynn Macau's shares opened at $8.55, up from a previous close of $8.14, indicating a positive market reaction.
• The company recently paid a dividend of $0.2013 per share, resulting in a substantial dividend yield of 417.0%.
• Wynn Macau operates integrated destination casino resorts in Macau, with its Wynn Palace resort offering extensive casino facilities and luxury accommodations.

Wynn Macau, Limited - Unsponsored ADR (OTCMKTS:WYNMY - ) shares gapped up before the market opened on Thursday . The stock had previously closed at $8.14, but opened at $8.55. Wynn Macau shares last traded at $8.55, with a volume of 1,001 shares traded.

Wynn Macau Trading Up 5.1%

The stock's fifty day simple moving average is $8.67 and its two-hundred day simple moving average is $7.65.

Wynn Macau Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, October 1st. Stockholders of record on Friday, September 5th were paid a $0.2013 dividend. This represents a dividend yield of 417.0%. The ex-dividend date of this dividend was Thursday, September 4th.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.