The Recession and Boom Stories: Wynn Resorts Limited (WYNN) and Carrols Restaurant Group Inc. (TAST)

On Dec 02, MADDOX MATT, CEO sold 25,000 shares of Wynn Resorts Limited (NASDAQ: WYNN), with the average selling price of the stock being $120.18 per share. The total amount realized from this sold $3,004,613. A document was filed with the Securities and Exchange Commission to notify the public about the sold of the shares.

In addition to that, President, CFO and Treasurer – Billings Craig Scott sold an extra 3,750 shares of this stock in a transaction that took place a day before, on Nov 18, with a share sold at an average of $119.85 and a total of $449,438 was realized from this transaction. After the transaction, the President, CFO and Treasurer – Billings Craig Scott was left with 66,451 shares of the company’s stock, which is currently worth around $7964152.35.

The recent price movement of WYNN means that it is now down by -0.97% from its 52-week high and 47.04% up against its 52-week low prices. Over the past one week, the price volatility of WYNN stands at 2.52% while the volatility over the past one month is 2.02%. The beta score for this stock is 2.12. A beta score below 1 means that the stock has a low volatility while above 1 signifies that a stock is highly volatile at that particular moment, a data that traders use to keep tabs on their investments.

The company on 11/06/2019 published its latest quarterly earnings, with the report showing that the company recorded 1.06 earnings per share (EPS) during that period. This report was below the expectations of analysts of 1.35 by -0.29. The revenue by the firm was 1.73B for the quarter.

The shares of Wynn Resorts Limited (WYNN) dropped by 0.00%, leading to a loss of -$0.01 per share, and saw WYNN end the trading session at $150.02 on Wednesday 01/15/20. WYNN started the trading session at $149.28, before reaching a daily high of $150.77. It wasn’t able to sustain that growth though and soon jumped to hit a daily low of $149.08.

The trading volume on Wednesday stood at 1873000, which was below the stock’s 3-month average volume of 1.77 million shares, out of a total 97.06M shares. As the price of the stock dipped, the market valuation of the company dropped to 16.01 billion.

The shares of Carrols Restaurant Group Inc. (NASDAQ: TAST) went down by -5.69% by the end of the recent trading session. This movement saw its price plunge to close at $5.47, which was lower than the previous closing price of $5.80. Over the past one week, the price of TAST has slipped by -18.11%, while it has recorded a loss of -21.29% over the past one month. Its three-month performance saw TAST lose -15.85% while its six-month performance saw it drop by -38.12%. The situation is different though over the past one year, as the stock price went down by -42.30%, while its year-to-date (YTD) price performance slipped by -22.41%. The stock price has gone up by +2.63% compared to its 90-day low, while it is down -35.42% compared to its 90-day high price.

Let’s take a look at its short, medium and long-term indicators. Composite Indicators shows that Trendspotter rated the stock as a Sell. In the short-term, the stock has a 20-day average volume of 608,515 shares, with the short-term indicators averagely rating the stock as a 100% Sell. A look at its medium-term indicators reveals that it has a 50-Day average volume of 610,550 shares and the indicators have an average rating of 100% Sell. The last indicators, the long-term see TAST stock with a 100-Day average volume of 594,248 shares, giving it an average rating of 100% Sell. A look at the general picture of all short, medium and long-term indicators leaves TAST with an average rating of 100% Sell.

Several brokerage firms sent out their reports TAST stock not long ago. In its report sent out on November 20, 2019, Craig Hallum lowered its ratings on TAST to a Buy. In an earlier report on May 09, 2019, Dougherty & Company Reiterated the stock to a Buy. SunTrust meanwhile in its report on May 23, 2018 Initiated its rating of the stock to “Buy”.

In related news to the company’s stock, around 60.80% shares are being held by institutional investors. In a recent SEC filing, the company revealed that 136 institutions currently hold the TAST stock. In the last quarter, a 33,207,429 TAST shares were in the possession of institutions. On the other hand, the company recorded 11 new institutions who bought it their stock, while 20 institutions sold their entire TAST reserve. Of the current institutions investing in the stock, 54 increased their investment while 57 decreased their investment in the stock.