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The Ratings Game: Wynn’s stock plunges again as analysts warn of significant risk from CEO allegations

Shares of Wynn Resorts Ltd. tumbled again Monday, as some analysts warned investors the stock hasn’t fallen nearly enough to account for the risk associated with the allegations of sexual misconduct by Founder and Chief Executive Steve Wynn.

The casino operator’s stock WYNN, -9.32% had already plunged 10% on Friday on heavy volume of 22.1 million shares, after The Wall Street Journal reported that billionaire casino mogul Wynn had a long history of pressuring his employees to perform sex acts. On Monday, the stock dropped another 9.3% to $163.48, on volume of nearly 26 million shares. Average daily volume over the past 30 days was 2.9 million shares, according to FactSet.

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