
NASDAQ:WYNN
This summary was created by AI, based on 1 opinions in the last 12 months.
Wynn Resorts Ltd. has seen varied perspectives from experts regarding its current stock performance and future potential. One expert mentioned that although he had previously trimmed his position in the stock at $136, he is considering re-entering due to recent market conditions, specifically noting his concern when the stock price hit $100. The expert's recent purchase, which was up by 4% on the day of the review, indicates a cautious optimism about the stock's trajectory. This reflective view highlights the dynamics of market sentiment where fluctuations can lead to strategic buying opportunities, albeit accompanied by hesitation rooted in previous price movements. Overall, the reviews suggest that while there might be apprehension regarding potential dips, there remains an inclination among certain investors to consider the long-term value of Wynns stock as promising.
He added to this on the way down over a month ago, around $80. He has enough now. This is such a cheap call option on China, about 10% of their enterprise value. Rather, the value is in the U.S. operations which is doing gangbusters. Las Vegas room rates are 65% higher than in 2019. Shares are popping 5% today on news that Jim Cramer has bought shares.