Wynn Resorts stock slips 4.15% and underperforms rivals
Updated
Updated · MarketWatch · May 8
Wynn Resorts stock slips 4.15% and underperforms rivals
12 articles · Updated · MarketWatch · May 8
Shares closed at $102.42 on Friday, their second straight loss, as the S&P 500 rose 0.84% to 7,398.93 and the Dow added 0.02% to 49,609.16.
Wynn lagged peers including MGM Resorts, up 1.78%, and DraftKings, up 1.19%, while Las Vegas Sands fell 1.25%.
The stock finished 23.98% below its 52-week high of $134.72 reached on 1 December, while trading volume of 4.0 million topped its 50-day average of 1.7 million.
Wynn beat earnings, yet its stock plummeted. Is this a sign of a hidden crisis brewing?
With a health scare and project delays, can Wynn's ambitious global growth plans overcome its mounting problems?