Don't Bet on this Casino Stock to Recover in June

Core Viewpoint - Wynn Resorts, Limited (NASDAQ:WYNN) shares are currently down 7.9% this quarter and are approaching a seasonal decline, which could further impact stock prices [1][6]. Stock Performance - Wynn Resorts shares are 1.1% lower at $93.84, significantly below the nearly 52-week high of $110.38 reached on April 4 [1]. - Over the past decade, Wynn has averaged a loss of 3.1% in June, finishing lower in seven out of ten years [4]. Analyst Ratings and Price Targets - Among 14 analysts covering Wynn, 10 recommend a "strong buy" rating, indicating optimism despite current performance [5]. - The 12-month consensus price target for Wynn is $124.935, representing a 32.7% premium to current levels [5]. Options Market Activity - Wynn Resorts has a 50-day call/put volume ratio of 5.89, ranking higher than 98% of readings from the past year, suggesting a bullish sentiment in the options market [6]. - The Schaeffer's Volatility Index (SVI) for Wynn is at 25%, placing it in the low 7th percentile of the last 12 months, indicating low volatility expectations [6].