Today’s Research Reports on Trending Tickers: Las Vegas Sands and Wynn Resorts
The markets recent slide continued Tuesday as concerns of rising interest rates continued to plague investors. On Tuesday, the yield on the benchmark on the 10-year Treasury note surpassed the 3 percent mark for the first time in four years. The Dow Jones Industrial Average dropped 1.7 percent to close at 24,024.13, its fifth consecutive daily decline, while the S&P 500 Index fell 1.3 percent to close at 2,634.56. The Nasdaq Composite Index declined 1.7 percent to close at 7,007.35.
RDI Initiates Coverage on:
Las Vegas Sands Corp.
Wynn Resorts, Ltd.
Las Vegas Sands’ stock moved 0.87% lower Tuesday, to close the day at $73.79. The stock recorded a trading volume of 2,125,880 shares, which was below its three months average volume of 3,539,185 shares. In the last year, Las Vegas Sands’ shares have traded in a range of 56.33 – 79.84. The share price has gained 31% from its 52 week low. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $72.74 is greater than its 200-day moving average of $70.40. Shares of the company are trading at a Price to Earnings ratio of 20.84. Shares of Las Vegas Sands have gained roughly 6.45 percent in the past month and are up 6.19 percent year-to-date.
Access RDI’s Las Vegas Sands Corp. Research Report at:
On Tuesday, shares of Wynn Resorts recorded a trading volume of 3,385,328 shares, which was below the three months average volume of 4,235,109 shares. The stock ended the day 1.68% lower at $190.00. The share price has fallen 6.69% from its 52 week high with a 52 week trading range of 119.17 – 203.63. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $182.86 is greater than its 200-day moving average of $166.78. Shares of the company are trading at a Price to Earnings ratio of 26.10. Shares of Wynn Resorts have gained roughly 8.03 percent in the past month and are up 12.7 percent year-to-date.
Access RDI’s Wynn Resorts, Ltd. Research Report at:
Our Actionable Research on Las Vegas Sands Corp. (NYSE:LVS) and Wynn Resorts, Ltd. (NASDAQ:WYNN) can be downloaded free of charge at Research Driven Investing.
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