Wynn Macau (OTCMKTS:WYNMY) Sees Large Volume Increase – Here’s Why

Wynn Macau, Limited – Unsponsored ADR (OTCMKTS:WYNMY) shares saw unusually-high trading volume on Thursday . Approximately 138,070 shares traded hands during mid-day trading, an increase of 641% from the previous session’s volume of 18,621 shares.The stock last traded at $7.32 and had previously closed at $7.30.

Analysts Set New Price Targets

Separately, Citigroup upgraded Wynn Macau from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, Wynn Macau presently has an average rating of “Moderate Buy”.

Wynn Macau Stock Up 0.4%

The business has a 50 day moving average price of $7.78 and a two-hundred day moving average price of $8.31.

About Wynn Macau

Wynn Macau Limited, trading as an American depositary receipt on the OTC Markets under the symbol WYNMY, is an operator of luxury integrated resorts in the Macau Special Administrative Region of the People’s Republic of China. As a subsidiary of Wynn Resorts, the company develops, owns and operates two world-class properties—Wynn Macau on the Macau Peninsula and Wynn Palace on Cotai—each offering a blend of gaming, hospitality and entertainment amenities.

The core of Wynn Macau’s business is gaming, with a focus on high-end table games and electronic gaming machines that cater to premium mass and VIP clientele.