This Is What Whales Are Betting On Wynn Resorts
Portfolio Pulse from Benzinga Insights
Whale investors have shown a bearish stance on Wynn Resorts (NASDAQ:WYNN), with unusual options activity indicating a split sentiment of 33% bullish and 46% bearish. Significant trading includes both puts and calls, aiming for a price range of $75.0 to $105.0 over the next three months. The company operates luxury casinos and resorts, with a recent stock price of $94.77, down 2.53%, and an RSI suggesting it may be approaching oversold territory.
May 08, 2024 | 5:15 pm
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Whale investors' bearish stance and unusual options activity on Wynn Resorts indicate mixed sentiment, with a significant price target range of $75 to $105. The company's stock has recently declined, and RSI levels suggest it might be oversold.
The bearish and bullish options trades by whale investors suggest uncertainty about Wynn Resorts' short-term price direction. The significant price target range and the recent stock price decline, coupled with the RSI approaching oversold levels, indicate potential volatility. However, the mixed sentiment and the nature of options trading, which can be speculative, make the short-term impact on the stock price uncertain.
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IMPORTANCE 90
RELEVANCE 100