Tilman Fertitta, an insider at Wynn Resorts Ltd (WYNN), sold 100,000 shares of the company’s stock at a price of $9.83 per share, totaling $983,000 on November 24, 2025. Following this transaction, Fertitta retains 100,000 shares in the company.
Wynn Resorts, headquartered in Las Vegas, Nevada, is a holding company that designs, develops, and operates destination casino resorts. The firm owns and operates several properties, including Wynn Las Vegas, Wynn Macau, and Encore Boston Harbor, and employs approximately 28,000 full-time staff. As of November 8, 2025, the company has a market capitalization of $12.7 billion and a P/E ratio of 33.19.
Insider transactions, such as Fertitta's recent sale, are reported to the SEC, providing insight into the actions of company executives. While such sales can stem from various personal or financial reasons, they do not inherently signal negative sentiment towards the company. Investors are encouraged to consider broader patterns of insider activity over time rather than focusing solely on isolated transactions.
Wynn Resorts is set to announce its next earnings on August 5, 2026, with an estimated EPS of $1.34 and projected revenue of $1.9 billion. This context may help investors gauge the company's performance alongside insider trading activities.