Volume Spike: Secondary Breaks Wynn (WYNN)

Posted in General 
March 17th, 2009

Wynn Resorts Ltd. (NASDAQ: WYNN) is not down a huge amount, but it is when you consider the stock was north of $21 just yesterday.  The company priced a 9.6 million share secondary offering (larger than 7 million noted previous from filings), so you can bet that the volume will be high today.  At 9:47 PM EST we have seen almost 1.3 million shares trade hands with shares off 4% at $18.80.  Its average volume is 2.6 million shares so this has already seen half of a normal day’s volume change hands in 17 minutes.  FULL DETAILS at 24/7 Wall St.

JON C. OGG

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