WYNN RESORTS, LIMITED (NASDAQ:WYNN) Files An 8-K Regulation FD Disclosure

Steve Wynn has already lost more than $425 million

This would result in an even further drop of the Wynn Resorts stocks, according to experts in the field. Deutsche Bank's price objective suggests a potential upside of 16.11% from the company's current price.

Other equities research analysts have also recently issued research reports about the stock. Melvin Capital Management Lp acquired 86,700 shares as Wynn Resorts Ltd (Call) (WYNN)'s stock rose 26.92%.

Shares of Wynn Resorts have plunged since the report was published Friday, as attention has turned to how the company's board leadership will manage what could amount to a civil liability. But the company had previously issued a statement criticizing the Journal report. Market worth or Market capitalization is calculated by multiplying the price of a stock by its total number of outstanding shares. Analysts' mean recommendation for the stock is 3.20 (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The stock now has an average rating of "Buy" and an average target price of $175.88.

But the ratings agency also highlighted that the Macau operation of Wynn Resorts could be "less sensitive" to the allegations made against Mr Wynn. The firm has a market cap of $13.26 billion, a price-to-earnings ratio of 48.68 and a beta of 1.72.

Since July 31, 2017, it had 0 insider buys, and 2 sales for $9.23 million activity.

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Wynn Resorts, Limited (NASDAQ:WYNN) last released its quarterly earnings data on Tuesday, July 25th. Wynn Resorts had a net margin of 11.85% and a return on equity of 148.17%. Wynn Resorts earned a media sentiment score of 0.13 on Accern's scale. Also, EVP Kimmarie Sinatra sold 20,795 shares of Wynn Resorts stock in a transaction dated Wednesday, November 8th. The degree to which a PEG ratio value indicates an over or underpriced stock varies by industry and by company type; though a broad rule of thumb is that a PEG ratio below one is desirable. Following the sale, the director now owns 19,162 shares of the company's stock, valued at approximately $2,907,641.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Trading volume is a gauge of how many times a stock is bought and sold in a given time period (most commonly, within a day of trading, known as the average daily trading volume - ADTV). The disclosure for this sale can be found here. Over the last ninety days, insiders sold 95,055 shares of company stock worth $14,629,975.

Now investors want to know the actual market worth of the company in the Stock Market.

"We didn't succeed in a global strategy", billionaire businessman James Packer, who is the largest shareholder in Crown Resorts Limited with around a 48% stake, reportedly told investors at the firm's most recent annual general meeting in October. Nationwide Fund Advisors grew its holdings in Wynn Resorts by 83.9% during the 2nd quarter. Indeed, several major brokerages have issued hold investment ratings on the stock because of the uncertainties. Teachers Advisors LLC raised its position in shares of Wynn Resorts, Limited by 6.2% in the fourth quarter. FMR LLC now owns 409,967 shares of the casino operator's stock valued at $54,985,000 after purchasing an additional 305,945 shares in the last quarter.

The move underscores the importance of its casino in Everett - now under construction - to Wynn Resorts as the Massachusetts Gaming Commission is set to begin its review of the allegations today.

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