Wynn Macau (OTCMKTS:WYNMY) Trading Up 4.7% - Here's Why

Key Points

• Wynn Macau shares rose 4.7% on Friday to $7.38, but the move occurred on very light trading—just 261 shares changed hands, a 99% decline from the average session volume of 27,264—indicating limited market participation.
• Wynn Macau is an ADR and subsidiary of Wynn Resorts that develops, owns and operates two luxury integrated resorts in Macau—Wynn Macau and Wynn Palace—with a core business focused on high-end table games and electronic gaming for premium mass and VIP clientele.

Wynn Macau, Limited - Unsponsored ADR (OTCMKTS:WYNMY - Get Free Report)'s share price shot up 4.7% on Friday . The company traded as high as $7.38 and last traded at $7.38. 261 shares changed hands during trading, a decline of 99% from the average session volume of 27,264 shares. The stock had previously closed at $7.05.

Wynn Macau Price Performance

The company has a 50-day moving average price of $7.34 and a 200-day moving average price of $7.98.

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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