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Here's Why Wynn Resorts (WYNN) Stock Popped Today
Shares of Wynn Resorts (WYNN - Free Report) gained more than 3.3% in morning trading Thursday after the casino operator became the subject of some unconfirmed takeover chatter on social media.
Nothing has been confirmed, and no specific sources seem to be cited, but the prevailing theory online is that industry rival Las Vegas Sands (LVS) is interested in acquiring the company.
Check out some of chatter on StockTwits:
littlenickysmith shared an idea on StockTwitsTrade_Engineers shared an idea on StockTwitsdevip shared an idea on StockTwits
At this point, it is crucial to remember that nothing substantial is being reported. This very well could be a technical move that is also getting a bump from this chatter.
Investors may want to keep their eyes on this stock, as it would be important to hop on any actual buyout talk early, but for now it just looks like rumors.
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