Wynn Rises On Unusually High Volume (WYNN)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Wynn Resorts (Nasdaq: WYNN) is trading at unusually high volume Thursday with 2.7 million shares changing hands. It is currently at 2.1 times its average daily volume and trading up $3.41 (+2.6%) at $134.91 as of 4 p.m. ET.

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Wynn has a market cap of $13.05 billion and is part of the services sector and leisure industry. Shares are up 15% year to date as of the close of trading on Wednesday.

Wynn Resorts, Limited, together with its subsidiaries, engages in the development, ownership, and operation of destination casino resorts. The company has a P/E ratio of 26.8, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Wynn as a buy. Among the primary strengths of the company is its expanding profit margins over time. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Wynn Ratings Report.

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