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Stock Market & Financial Investment News

News Breaks
August 7, 2014
09:26 EDTWYNNWynn Resorts upgraded at Craig-Hallum
As previously reported, Craig-Hallum upgraded Wynn Resorts to Buy from Hold. The analyst upgraded shares citing an attractive entry point and believes shares now discount concerns of the Chinese government corruption crackdown, junket credit availability and economic uncertainty. The firm expects meaningful top-line growth in 2016 when Wynn Palace in Cotai opens and believes it is one of the front runners for a Japan casino license. Price target is $244.
News For WYNN From The Last 14 Days
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December 17, 2014
11:09 EDTWYNNMacau gaming facts in SCMP article are not new, says JPMorgan
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10:22 EDTWYNNWynn Resorts volatility increases as shares trend to 16-month low
Wynn Resorts December call option implied volatility is at 46, January is at 41, March is at 39; compared to its 26-week average of 30 according to Track Data, suggesting large near term price movement.
December 16, 2014
15:37 EDTWYNNChina to start crackdown on illicit funds to Macau, SCMP says
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December 12, 2014
14:04 EDTWYNNAtlantic City reports November gaming win down 10.3% to $202.5M
New Jersey reported total Atlantic City gaming win from current operators for the month of November was $202.5M, compared to the $181.7M for November 2013, reflecting an 11.5% increase. Total gaming win from the industry including discontinued operators reflects a 10.3% decrease compared to $225.7M in November 2013. As of November 30, 506,172 Internet gaming accounts have been created, up 5.7% from the 479,073 accounts as of October 31. For the month, Internet Gaming Win including discontinued operators was $8.7M. Publicly traded companies in the space include Boyd Gaming (BYD), Caesar's (CZR), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn National (PENN) and Wynn Resorts (WYNN).
December 10, 2014
11:28 EDTWYNNWynn Resorts volatility increases as shares trend to 15-month low
Wynn Resorts December weekly call option implied volatility is at 42, December is at 35, January is at 31; compared to its 26-week average of 30 according to Track Data, suggesting large near term price movement.
08:21 EDTWYNNFBR drops estimates, price targets for Macau names
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