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Wynn Macau (OTCMKTS:WYNMY) Shares Up 5.2% - Should You Buy?

Wynn Macau logo with Consumer Discretionary background

Key Points

  • Wynn Macau's stock price increased by 5.2% during trading, reaching a high of $9.00 and last trading at $8.84, despite a significant decline in trading volume.
  • UBS Group dropped its rating for Wynn Macau from "hold" to "strong sell," while market ratings show mixed sentiment with one "Strong Buy" and one "Sell" rating assigned.
  • The company operates integrated destination casino resorts in Macau, with its flagship Wynn Palace featuring extensive casino space and luxury accommodations.
  • MarketBeat previews the top five stocks to own by October 1st.

Wynn Macau, Limited - Unsponsored ADR (OTCMKTS:WYNMY - Get Free Report) shares shot up 5.2% during mid-day trading on Monday . The company traded as high as $9.00 and last traded at $8.84. 3,610 shares changed hands during trading, a decline of 85% from the average session volume of 23,819 shares. The stock had previously closed at $8.40.

Wynn Macau Trading Down 0.6%

The stock has a fifty day moving average of $8.11 and a 200-day moving average of $7.26.

Wynn Macau Cuts Dividend

The company 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%.

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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