AAL

Wynn Resorts Stock Pops After Analyst Upgrade

WYNN is down 36.6% year-over-year, though

Digital Content Manager
Apr 1, 2022 at 10:28 AM
facebook X logo linkedin


Wynn Resorts, Limited (NASDAQ:WYNN) is up 2.5% at $81.76 at last check, after Citi upgraded the security to "buy" from "neutral," noting its attractive valuation. Further, the company just reported smaller-than-expected annual losses for its Macau casino, with increasing clarity over regulations and licenses at the location cited as another reason for the firm's bull note.

Despite the strong results, Jefferies cut its price target to $93 from $104 earlier. The brokerage bunch is mostly skeptical towards Wynn Resorts stock, with six of the nine in question calling the equity a tepid "hold," while three say "buy" or better. Plus, short interest is up 6.9% over the most recent report period, and now makes up 6.1% of WYNN's available float.

The options pits are more bearish than usual, with puts popular in the last two weeks. Over at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), WYNN's 10-day put/call volume ratio sits higher than 99% of annual readings. This means puts are getting picked up at a much quicker-than-usual pace.  

Echoing this, Wynn Resorts stock's Schaeffer's put/call open interest ratio (SOIR) of 1.40 ranks higher than 98% of readings in its 12-month range, indicating short-term options traders have rarely been more put-biased.

Wynn Resorts stock has struggled on the charts over the past 12 months. The shares have experienced resistance at the $84 level, as well as the 60-day moving average in the last four weeks, both of which have contributed to its 36.6% year-over-year deficit.

 

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.