Wynn Resorts stock jumps after CEO buys 600,000 shares
Wynn Resorts saw a 1.2% jump in its stock price Monday after CEO Matt Maddox bought 600,000 shares, worth about $49 million. The purchase came after the company announced better-than-expected earnings for the second quarter, with a revenue of $990 million. Maddox’s purchase boosts his stake in the company to 5.1 million shares. This move reflects his confidence in the company’s future prospects, and investors seem to agree. Wynn Resorts has been on the road to recovery after a tough year for the casino industry, and this recent stock purchase is a positive sign for the company’s growth.
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