Wynn Resorts Sharply Lower Despite Q2 Beat

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Wynn Resorts, Limited WYNN shares are trading lower by $7.95, or nearly 6 percent, at $131.03 in Wednesday's session.

Investors are exiting the stock despite a Q2 EPS beat of 4 cents along with an $80 million beat for sales.

After a much lower open, Wynn had a brief $1.00 rally to $133.00 before continuing its move lower. So far, the ensuing decline has taken the stock to $128.44, but rebounded back into the $130.00 handle. That current coincides with its July 3 low of $128.82.

Posted In: TechnicalsIntraday UpdateMoversTrading Ideas
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