Wynn Resorts Shares Rise After Largest Shareholder Boosts Stake: Retail Traders Excited About Company's Prospects

According to a securities filing, Fertitta purchased 16,500 shares of Wynn on March 21 and March 24, with a price range of $80.99 to $84.93 per share, totaling approximately $1.38 million.
Wynn Resorts is a luxury hotel and casino operator with strong holdings in Las Vegas and Macau | Image Source: Unsplash
Wynn Resorts is a luxury hotel and casino operator with strong holdings in Las Vegas and Macau | Image Source: Unsplash
Profile Image
Yuvraj Malik·Stocktwits
Updated Jul 02, 2025 | 8:31 PM GMT-04
Share this article

Wynn Resorts Ltd (WYNN) ended 1.4% higher on Tuesday and gained some more in post-market trading after billionaire Tilman Fertitta, the hotel and casino operator's largest shareholder, expanded his stake in the company.

The move prompted several bullish comments and a lift in the sentiment for WYNN on Stocktwits.

According to a securities filing, Fertitta purchased 16,500 shares of Wynn on March 21 and March 24, with a price range of $80.99 to $84.93 per share, totaling approximately $1.38 million.

In addition, Hospitality Headquarters, part of Fertitta-owned Fertitta Entertainment, bought 1.68 million shares for $85.73 a piece on March 24, valued at about $143.3 million.

Fertitta, who also owns a stake in Golden Nugget casinos, became the largest shareholder in Wynn in November 2024 when he increased his stake to nearly 10%.

Insiders and shareholders bumping up their stakes typically shows their confidence in the business and is positive for the company.

Wynn Resorts is a luxury hotel and casino operator with strong holdings in Las Vegas and Macau. 

The U.S. hospitality sector has shown robust post-pandemic recovery, driven by high leisure and business travel demand, though rising operational costs and economic uncertainty pose challenges.

On Stocktwits, retail sentiment bounced to 'bullish' from 'neutral' a day prior. Chatter around WYNN jumped a whopping 1,900% day on day.

Screenshot 2025-03-26 at 7.34.30 AM.png

Several users posted bullish commentary, with one saying that the stock was "grossly undervalued" and could go up to $150.

Last week, Morgan Stanley lowered its price target on WYNN to $100 from $103, but maintained an 'overweight' rating.

Shares ended at $83.03 on Tuesday and are at the same level as the start of the year.

Subscribe to The Daily Rip
All Newsletters
Get the daily email that keeps you tuned in and makes markets fun again.

For updates and corrections, email newsroom[at]stocktwits[dot]com.

Read about our editorial guidelines and ethics policy

Advertisement. Remove ads.