Wynn Resorts shares rise 2.75% and outperform rivals
Updated
Updated · MarketWatch · Apr 30
Wynn Resorts shares rise 2.75% and outperform rivals
11 articles · Updated · MarketWatch · Apr 30
The stock closed at $107.11 on Thursday as the S&P 500 rose 1.02% to 7,209.01 and the Dow gained 1.62% to 49,652.14.
Wynn beat Las Vegas Sands, up 1.66%, DraftKings, up 0.78%, and MGM Resorts, which fell 0.84% during the broad market rally.
Shares remain 20.49% below their 52-week high of $134.72 reached on 1 December, while trading volume of 1.1 million stayed well below the 50-day average of 1.7 million.
With profits falling, is Wynn's multi-billion dollar UAE resort a visionary expansion or a gamble that investors should question?
While Wynn builds physical palaces, could the explosive growth of online crypto gambling make its business model obsolete?