Wynn Macau (OTCMKTS:WYNMY) Shares Gap Up – Should You Buy?

Wynn Macau, Limited – Unsponsored ADR (OTCMKTS:WYNMY) shares gapped up before the market opened on Tuesday. The stock had previously closed at $5.67, but opened at $6.10. Wynn Macau shares last traded at $6.10, with a volume of 1,335 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on WYNMY. The Goldman Sachs Group raised shares of Wynn Macau from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. CLSA lowered shares of Wynn Macau from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

Wynn Macau Trading Up 3.7%

The business’s 50 day moving average is $6.59 and its two-hundred day moving average is $7.01.

About Wynn Macau

Wynn Macau Limited is a developer and operator of integrated resort properties in Macau. The company is associated with Wynn Resorts and serves the Macau market through luxury resorts that combine casino gaming with hotels, restaurants, retail outlets, entertainment venues, spas and convention facilities.

Its principal properties include Wynn Macau on the Macau Peninsula and Wynn Palace in the Cotai area. The Wynn Macau resort also includes the Encore at Wynn Macau hotel tower. These properties offer a range of gaming options, premium accommodations, fine dining and leisure experiences aimed at both international visitors and regional travelers.

Wynn Macau Limited was established as part of Wynn Resorts’ expansion into Macau after receiving a gaming concession in 2002.