Wynn Resorts (WYNN) Plunges 20.84% Amid Tariff Turmoil

Wynn Resorts (WYNN) shares fell 3.95% intraday, marking the lowest level since November 2022, with a 2.69% decline for the day and a 20.84% drop over the past six days.

ExodusPoint Capital Management LP significantly increased its position in Wynn Resorts by 169.1% during the fourth quarter, indicating positive investor sentiment. This move could potentially impact the stock's performance by attracting more investors and driving up demand.

The Public Sector Pension Investment Board also lifted its position in Wynn Resorts by 6.9%, suggesting increased institutional interest. This institutional backing could influence the stock price positively, as large investors often have a stabilizing effect on the market.

US-based gambling stocks, including Wynn Resorts, suffered major losses due to tariff turmoil. Wynn Resorts experienced a sharp drop, indicating that external economic factors are significantly affecting the stock price. This volatility highlights the sensitivity of the company's stock to broader economic conditions and regulatory changes.

Heavy and directionally bearish put volume on Wynn Resorts stock suggests negative market sentiment. This bearish activity could drive the stock price down, as investors are positioning themselves for further declines. The increased put volume reflects a cautious outlook among traders, who may be anticipating challenges ahead for the company.