Wynn Resorts Shares Surge 3.7% Amid Joint Development Announcement and Analyst Price Target Increase

Wynn Resorts' shares rose 3.7% after the company announced a second joint development on Al Marjan Island in the UAE and received a price target increase from an analyst. The new resort, set to open in late 2028, will feature 132 hotel rooms, a wellness center, and a beach club. The shares have been volatile, with 13 moves greater than 5% over the last year, and are trading close to their 52-week high of $133.34.