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

Wynn Macau, Limited – Unsponsored ADR (OTCMKTS:WYNMY)’s share price gapped down prior to trading 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 traded.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on WYNMY shares. The Goldman Sachs Group upgraded shares of Wynn Macau from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. CLSA downgraded shares of Wynn Macau from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, July 10th. Two 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 an average rating of “Strong Buy”.

Wynn Macau Price Performance

The stock has a fifty day moving average price of $7.05 and a two-hundred day moving average price of $7.03.

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.