The Executive Vice-President & General Counsel of Wynn Resorts is Exercising Options

By Carrie Williams

Yesterday it was reported that the Executive Vice-President & General Counsel of Wynn Resorts (WYNNResearch Report), Ellen F Whittemore, exercised options to sell 1,122 WYNN shares for a total transaction value of $121.2K.

Following this transaction Ellen F Whittemore’s holding in the company was decreased by 43% to a total of $4.19 million. In addition to Ellen F Whittemore, 5 other WYNN executives reported Sell trades in the last month.

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The company has a one-year high of $152.13 and a one-year low of $35.84. WYNN’s market cap is $11.64 billion and the company has a P/E ratio of -6.30.

Based on 10 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $102.50, reflecting a 6.9% upside.

The insider sentiment on Wynn Resorts has been negative according to 91 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Wynn Resorts Ltd. operates as a holding company, which engages in the development, ownership and operation of destination casino resorts. It operates through the following segments: Wynn Macau, Wynn Palace and Las Vegas Operations. The Las Vegas Operations segment covers Wynn Las Vegas and Encore. The company was founded by Stephen Alan Wynn, Elaine P. Wynn and Kazuo Okada in 2002 and is headquartered in Las Vegas, NV.