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Wynn Macau (OTCMKTS:WYNMY) Shares Pass Above 50 Day Moving Average - Here's Why

Wynn Macau logo with Consumer Discretionary background

Wynn Macau, Limited - Unsponsored ADR (OTCMKTS:WYNMY - Get Free Report)'s share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $7.05 and traded as high as $8.20. Wynn Macau shares last traded at $8.15, with a volume of 4,421 shares.

Analyst Ratings Changes

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

Get Our Latest Analysis on WYNMY

Wynn Macau Trading Up 1.2%

The business's 50-day moving average is $7.05 and its two-hundred day moving average is $6.93.

Wynn Macau Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, June 26th. Investors of record on Thursday, May 29th were given 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 a positive change 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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