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Wynn Resorts (WYNN) in Focus: Stock Up 11.7% in Session

Wynn Resorts Ltd. WYNN was a big mover last session, as the company saw its shares roughly 12% on the day.  Shares moved up after the company announced its plans to convert its Wynn Golf Club into a lake resort and received a rating upgrade from Telsey Advisory Group. This led to solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $80.27 to $95.00 in the past one-month time frame.

This gaming industry stock witnessed three positive estimate revisions over the past 30 days. The Zacks Consensus Estimate also moved up over the same time frame, suggesting that more solid trading could be ahead for Wynn Resorts. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.

Wynn Resorts has a Zacks Rank #3 (Hold), while its Earnings ESP is negative.

However, a better-ranked stock in the same space is Boyd Gaming Corporation BYD, sporting a Zacks Rank #1 (Strong Buy).

Is WYNN going up? Or down? Predict to see what others think: Up or Down

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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
WYNN RESRTS LTD (WYNN): Free Stock Analysis Report
 
BOYD GAMING CP (BYD): Free Stock Analysis Report
 
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