11 Most Expensive Stocks Insiders Are Buying Recently

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2. Wynn Resorts, Limited (NASDAQ:WYNN)

Average price per share: $92.31

Market capitalization: $9.89 billion

Wynn Resorts Ltd. is an international developer and operator of luxury hotels and casinos. The Paradise, Nevada-headquartered company operates in four segments: Wynn Las Vegas, Wynn Macau, Las Vegas Operations and Encore Boston Harbor. Its offering includes private gaming salons and sky casinos, luxurious hotel suites, villas, etc. Wynn Resorts is also one of 12 best consumer discretionary stocks to buy according to analysts.

The company recently announced that Wynn Al Marjan Island has obtained a $2.4 billion construction facility with a global syndicate of lenders to finance the development of Wynn Al Marjan Island, the first integrated resort in the United Arab Emirates.

In February, two insiders purchased a total of around $2.19 million shares at an average price of $92.31 per share. The stock is now trading at $92.56, having gained 7.43% year-to-date. Over the last 12 months, the company’s shares declined 9.58%.

In 2023, the company’s operating revenue reached $7.13 billion, compared to $6.53 billion in 2023.

As many as 13 analysts have an average “Strong Buy” rating on Wynn Resort stock. A 12-month stock price is set to $119.23, which is 28.02% higher than the previous price, according to Stock Analysis.

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