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

Wynn Macau, Limited – Unsponsored ADR (OTCMKTS:WYNMY) shares gapped down before the market opened on Tuesday. The stock had previously closed at $6.60, but opened at $6.3850. Wynn Macau shares last traded at $6.40, with a volume of 631 shares changing hands.

Analysts Set New Price Targets

A number of analysts recently issued reports on WYNMY shares. The Goldman Sachs Group upgraded shares of Wynn Macau from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. CLSA lowered Wynn Macau from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, July 10th. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

Wynn Macau Stock Down 3.0%

The business has a 50 day simple moving average of $7.05 and a 200-day simple moving average of $7.03.

About Wynn Macau

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 meeting facilities.

Its principal properties include Wynn Macau, located on the Macau Peninsula, and Wynn Palace, located in the Cotai area. The resorts offer hotel rooms and suites, gaming areas, restaurants, lounges, retail outlets, entertainment venues and other services designed for leisure and business visitors.

Wynn Macau Limited has operated in Macau since the opening of Wynn Macau in 2006, followed by the opening of Wynn Palace in 2016.