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

Wynn Macau, Limited – Unsponsored ADR (OTCMKTS:WYNMYGet Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $7.50, but opened at $7.1995. Wynn Macau shares last traded at $7.1995, with a volume of 252 shares trading hands.

Wall Street Analysts Forecast Growth

WYNMY has been the topic of several research reports. The Goldman Sachs Group raised 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 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. According to data from MarketBeat.com, the stock has a consensus rating of “Strong Buy”.

View Our Latest Report on WYNMY

Wynn Macau Stock Down 4.0%

The firm’s 50 day moving average is $6.94 and its 200-day moving average is $7.12.

Wynn Macau Company Profile

(Get Free Report)

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.

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