Tilman Fertitta bought Wynn shares worth $27.87 million after the recent weakness in the company’s stock price.
Truist and Evercore cut their price target on the big-box retailer’s shares.
The brokerage cut its rating to ‘Neutral’ from ‘Buy’ for both the stocks, and flagged risks to their annual forecasts.
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.
/Pool%20Corporation%20logo%20with%20green%20background-by%20Piotr%20Swat%20via%20Shutterstock.jpg)
Despite Pool Corporation’s underperformance relative to the broader market over the past year, Wall Street analysts remain cautiously optimistic about the stock’s prospects.
/Mohawk%20Industries%2C%20Inc_%20magnified%20by-%20Casimiro%20PT%20via%20Shutterstock.jpg)
Mohawk Industries has significantly outperformed the broader market over the past year, and Wall Street analysts remain moderately bullish about the stock’s prospects.
/General%20Motors%20Company%20business%20logo%20by-%20Jonathan%20Weiss%20via%20Shutterstock.jpg)
As General Motors has underperformed relative to the S&P 500 Index over the past year, Wall Street analysts remain cautiously optimistic about the stock’s prospects.