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The Worst Casino Stock to Own This Month
WYNNWynn Resorts(WYNN) Schaeffers Investment Research·2024-08-01 16:28

Shares of Wynn Resorts, Limited (NASDAQ:WYNN) are 4.4% lower at 79.22atlastcheck,pullingbackfromyesterday′sbouncethatfollowedthecasinooperatorsbetter−than−expectedresultsforthesecondquarter.Onthecharts,WYNN′s20−daymovingaveragehassteadilyguideditlowersinceittouchedanannualhighof79.22 at last check, pulling back from yesterday's bounce that followed the casino operators better-than-expected results for the second quarter. On the charts, WYNN's 20-day moving average has steadily guided it lower since it touched an annual high of 110.38 on April 4. The security is now trading at its lowest levels since November 2022, down 13.1% in 2024. Plus, seasonality suggests the shares are going to drop even more.According to data ...