CEO Steve Wynn’s Huge Purchase Reinforces That Wynn Resorts Stock Is Dramatically Undervalued
December 09, 2015 at 16:19 PM EST
Wynn Resorts (WYNN) announced on Tuesday evening that its Founder, Chairman, and CEO Steve Wynn purchased more than 1 million shares of stock on the open market between December 4th and 8th, bring his total ownership to more than 11 million shares (about 11% of the company). The stock reacted well today to the news, rising $8 to around $70 per share. I posted earlier this year … Read More → Related Posts: Wynn Resorts Down More Than 50% Is A Long-Term Opportunity Biglari Holdings Buys Maxim Magazine In Distressed Sale Hedge Funds Move In As Ackman Sells, But JC Penney Still Far Even Great Investors Like Bruce Berkowitz Make Mistakes Baker Street Capital Management Bullish Thesis on Sears…