Wynn Macau (OTCMKTS:WYNMY) Sees Strong Trading Volume – What’s Next?

Wynn Macau, Limited – Unsponsored ADR (OTCMKTS:WYNMY) shares saw unusually-high trading volume on Friday . Approximately 8,632 shares were traded during mid-day trading, an increase of 70% from the previous session’s volume of 5,067 shares.The stock last traded at $7.3150 and had previously closed at $7.4735.

Analyst Upgrades and Downgrades

Separately, Citigroup upgraded shares of Wynn Macau from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 14th. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

Wynn Macau Trading Down 2.7%

The stock has a 50-day simple moving average of $7.99 and a 200 day simple moving average of $8.33.

Wynn Macau Company Profile

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.