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

Shares of Wynn Macau, Limited – Unsponsored ADR (OTCMKTS:WYNMY) gapped down before the market opened on Monday. The stock had previously closed at $6.4640, but opened at $6.1775. Wynn Macau shares last traded at $6.2550, with a volume of 459 shares.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on WYNMY shares. CLSA cut Wynn Macau from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, July 10th. The Goldman Sachs Group upgraded Wynn Macau from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Strong Buy”.

Wynn Macau Stock Performance

The business’s 50 day moving average price is $6.99 and its 200 day moving average price is $7.01.

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 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.