Wynn Macau (OTCMKTS:WYNMY) Shares Gap Down – Here’s What Happened

Wynn Macau, Limited – Unsponsored ADR (OTCMKTS:WYNMY)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $6.99, but opened at $6.6960. Wynn Macau shares last traded at $6.6960, with a volume of 356 shares.

Wall Street Analyst Weigh In

WYNMY has been the topic of a number of recent research reports. The Goldman Sachs Group upgraded Wynn Macau from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. CLSA cut shares of Wynn Macau from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Strong Buy”.

Wynn Macau Stock Performance

The firm has a 50-day simple moving average of $7.12 and a two-hundred day simple moving average of $7.08.

Wynn Macau Company Profile

Wynn Macau Limited is a Macau-based hospitality and gaming company and a subsidiary of Wynn Resorts, Limited. The company develops and operates integrated resort properties that combine casino gaming with luxury accommodations, dining, retail, entertainment and leisure amenities.

Its principal properties are Wynn Macau, located on the Macau Peninsula, and Wynn Palace, located in the Cotai area. The resorts offer gaming facilities, hotel rooms and suites, restaurants, spas, retail outlets, meeting and convention space, and entertainment attractions.