Steve Wynn is out at Wynn Resorts, but the company he founded and its board of directors are still under scrutiny.
Wynn and the company’s nine remaining board members were hit with a shareholder lawsuit on Tuesday afternoon.
The complaint claims the board “knowingly turned a blind eye to allegations of patently egregious misconduct” by Wynn, and that their actions, or lack thereof, constituted “egregious breaches of fiduciary duty.”
Wynn stepped down as CEO and board chairman Tuesday evening, citing an “avalanche of negative publicity” that he claimed made it impossible to do his job.
Wynn’s departure has not resolved the problems facing Wynn Resorts since the Wall Street Journal detailed numerous allegations of sexual misconduct against Wynn in a lengthy investigation. The two states where Wynn has casino licenses are conducting investigations, and lawsuits against the company could drag on for years.
“They’re in a tough spot, because [Wynn’s] name is on the door,” said Charles Elson, who studies corporate governance at the University of Delaware.
Top 10 Casino Stocks To Watch Right Now: Addus HomeCare Corporation(ADUS)
- [By Lisa Levin] Gainers
Marathon Patent Group Inc (NASDAQ: MARA) shares rose 47.1 percent to $3.22 in pre-market trading after jumping 54.23 percent on Wednesday.
Digital Power Corporation (NYSE: DPW) rose 27.6 percent to $0.800 in pre-market trading after gaining 9.79 percent on Wednesday.
Social Reality Inc (NASDAQ: SRAX) shares rose 23.1 percent to $7.16 in the pre-market trading session after surging 37.59 percent on Wednesday.
China Auto Logistics Inc (NASDAQ: CALA) rose 16.9 percent to $4.15 in pre-market trading after gaining 4.11 percent on Wednesday.
Riot Blockchain Inc (NASDAQ: RIOT) rose 15.1 percent to $18.40 in pre-market trading after climbing 42.01 percent on Wednesday.
Seven Stars Cloud Group Inc (NASDAQ: SSC) rose 14.5 percent to $2.85 in the pre-market trading session after gaining 0.40 percent on Wednesday.
Affimed NV (NASDAQ: AFMD) shares rose 14.3 percent to $2.40 in pre-market trading after gaining 4.88 percent on Wednesday.
Corecivic Inc (NYSE: CXW) rose 10.2 percent to $25.56 in pre-market trading after climbing 0.65 percent on Wednesday.
LM Funding America, Inc. (NASDAQ: LMFA) rose 9.6 percent to $3.30 in pre-market trading after surging 34.98 percent on Wednesday.
U.S. Global Investors, Inc. (NASDAQ: GROW) rose 7.2 percent to $3.30 in pre-market trading after dropping 8.06 percent on Wednesday.
Xunlei Ltd (NASDAQ: XNET) rose 6.8 percent to $25.61 in pre-market trading after climbing 11.74 percent on Wednesday.
Net 1 UEPS Technologies Inc (NASDAQ: UEPS) shares rose 5.9 percent to $13.00 in pre-market trading after gaining 21.34 percent on Wednesday.
Addus Homecare Corporation (NASDAQ: ADUS) rose 5.5 percent to $35.60 in pre-market trading after gaining 3.69 percent on Wednesday.
TOP SHIPS Inc (NASDAQ: TOPS) rose 5.2 percent to $0.528 in pre-market trading after falling 10.36 percent on Wednesday.
Teva Pharmaceutical Industries Ltd (ADR) (NYSE: TEVA) rose 4.7 percent to $14.11 in pre-market trading. Teva Pharma
Top 10 Casino Stocks To Watch Right Now: OpGen, Inc.(OPGN)
- [By Paul Ausick]
OpGen Inc. (NASDAQ: OPGN) posted a new 52-week low of $0.33 on Thursday, down more than 21% compared with Wednesday’s closing price of $0.42. The stock’s 52-week high is $4.65. Volume totaled around 4.8 million shares, more than 10 times the daily average. The company this morning priced a secondary offering of 25 million units at $0.40 per unit. Each unit comprised one share of common stock and one warrant to purchase another share within 5 years at an exercise price of $0.425.
- [By Lisa Levin]
OpGen, Inc. (NASDAQ: OPGN) shares shot up 22 percent to $2.55. OpGen completed rapid testing clinical trial in Colombia and expanded international operations.
- [By Lisa Levin]
OpGen, Inc. (NASDAQ: OPGN) shares shot up 19 percent to $2.50. OpGen completed rapid testing clinical trial in Colombia and expanded international operations.
Top 10 Casino Stocks To Watch Right Now: Best Buy Co., Inc.(BBY)
- [By Peter Graham]
Large cap consumer electronics retail stock Best Buy Co Inc (NYSE: BBY) reported Q3 FY18 earnings before the market opened this morningwith results being the following:
- [By JJ Kinahan]
Stocks to watch for possible Black Friday impact include Best Buy Co Inc (NYSE: BBY), Wal-Mart Stores Inc (NYSE: WMT), Target Corporation (NYSE: TGT), Macy’s Inc (NYSE: M), Kohl’s Corporation (NYSE: KSS), and Amazon.com, Inc. (NASDAQ: AMZN), among many others. Infotech also could jump into the ring because electronic goods seem to be high on many peoples’ lists. Even though Cyber Monday has yet to dawn, early analysis from some of the major analytic firms suggested a major jump in online sales as of late Thursday, and stock indices moved higher in pre-market trading.
- [By Trey Thoelcke]
Best Buy Co. Inc. (NYSE: BBY) will share its latest quarterly earnings early Tuesday. The consensus estimates are $0.63 in earnings per share (EPS) and $8.66 billion in revenue. Shares were trading most recently at $61.87, in a 52-week range of $36.51 to $63.32. The consensus price target is $60.69.
Top 10 Casino Stocks To Watch Right Now: Las Vegas Sands Corp.(LVS)
- [By WWW.THESTREET.COM]
Cramer recalled how, in 2009, colleague Dan Fitzpatrick correctly identified Las Vegas Sands (LVS) as it broke out of its $10 a share funk and soared to $48, almost in a straight line. This technical move was brought on by Sands’ red-hot properties in Macau.
- [By Paul Ausick]
Las Vegas Sands Corp. (NYSE: LVS) announced Thursday morning that it had sold its Bethlehem, Pennsylvania, casino for a total enterprise value of $1.3 billion to Wind Creek Hospitality, an affiliate of the Poarch Band of Creek Indians of Alabama.
- [By Travis Hoium]
What differentiates gaming companies today are the resorts they build and where those resorts are located. Put a megaresort on the desolate north end of the Las Vegas Strip, and you might go bankrupt before it’s completed (see Echelon, Las Vegas Plaza, and Fontainebleau), but if you’re building a multi-billion dollar resort in Macau or Singapore, it’s almost impossible to lose money. No company has better locations than Las Vegas Sands (NYSE:LVS), which is why it’s one of the most profitable companies in gaming. Here’s where the company’s money comes from.
Top 10 Casino Stocks To Watch Right Now: InfraREIT, Inc.(HIFR)
- [By Joseph Griffin]
Get a free copy of the Zacks research report on InfraREIT (HIFR)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Top 10 Casino Stocks To Watch Right Now: Wyndham Worldwide Corp(WYN)
- [By Max Byerly]
Wyndham Worldwide (NYSE: WYN) is one of 31 public companies in the “Hotels & motels” industry, but how does it weigh in compared to its rivals? We will compare Wyndham Worldwide to related companies based on the strength of its dividends, valuation, risk, institutional ownership, analyst recommendations, profitability and earnings.
- [By Lee Jackson]
The chief financial officerat Wyndham Worldwide Corp. (NYSE: WYN) wasselling stock this past week. Thomas Conforti parted with 25,900 shares of the hotel giant at $82.41 apiece. The total for the trade was posted at $2 million. The shares closed Friday at $82.65. The 52-week range is $62.60 to $86.72, and the consensus price target is $90.
- [By ]
Wyndham Worldwide (WYN) : “I would not sell. I would buy more.”
Churchill Downs (CHDN) : “This has been a big winner for a long time. I’d wait for a dip, then buy some.”
- [By Travis Hoium]
Shares of hotel brand Wyndham Worldwide Corporation (NYSE:WYN) jumped as much as 11.1% in trading Wednesday after reporting first-quarter 2017 earnings. At 3:45 p.m. EDT on Wall Street, shares were still up an impressive 9.6% on the day.
Top 10 Casino Stocks To Watch Right Now: MetLife, Inc.(MET)
- [By Chris Lange]
The S&P 500 stock posting the largest daily percentage loss ahead of the close Tuesday was MetLife, Inc. (NYSE: MET) which traded down roughly 9% at $49.74. The stocks 52-week range is $44.18 to $55.91. Volume was 28.5 million compared to the daily average volume of 4.6 million.
- [By ]
The Evercore analysts also said that Metlife Inc. (MET) and CNO Financial Group Inc. (CNO) have “sizable exposure” to long-term care from a reserve standpoint, “but our analysis indicates that their blocks have below average risk and/or more robust reserves versus peers, implying a lower risk of charges over the next few years.”
- [By Matthew Frankel]
MetLife (NYSE:MET) is the largest U.S. life insurer, with one of the strongest brand names in the insurance industry and an excellent distribution network. The company has a variety of life insurance offerings, and about one-third of its earnings come from Latin America, Asia, and other foreign markets, which are expected to be big drivers of growth going forward.
Top 10 Casino Stocks To Watch Right Now: Avid Technology Inc.(AVID)
- [By Lisa Levin]
Avid Technology, Inc. (NASDAQ: AVID) shares were also up, gaining 24 percent to $5.01 following Q3 results. Avid Technology reported Q3 earnings of $0.00 per share on revenue of $105.26 million.
- [By Anders Bylund]
Shares of Avid Technology(NASDAQ:AVID) rose 20.3% in April 2017, according to data from S&P Global Market Intelligence.
Last month’s share price surge rested on Avid’s release of a coherent cloud-based media production suite. The new version of Avid’s MediaCentral platform takes advantage of the cloud, central storage, and back-end data processing in a way older versions never attempted, modernizing the media production tool in a big way.
- [By Monica Gerson]
Avid Technology, Inc. (NASDAQ: AVID) is estimated to post its quarterly earnings at $0.36 per share on revenue of $144.02 million.
Consolidated Water Co. Ltd. (NASDAQ: CWCO) is expected to post its quarterly earnings at $0.11 per share on revenue of $15.15 million.
Top 10 Casino Stocks To Watch Right Now: Norsat International Inc.(NSAT)
- [By Lisa Levin]
Shares of Norsat International Inc (USA) (NYSE: NSAT) got a boost, shooting up 22 percent to $9.85 after the company reported the receipt of new indication of interest by Privet Fund Management LLP at $10.25 per share.
Top 10 Casino Stocks To Watch Right Now: Compass Diversified Holdings(CODI)
- [By WWW.MONEYSHOW.COM]
Compass Diversified Holdings (CODI) seeks to invest in manufacturing, distribution, consumer products, and business services sectors.
One thing I like about Compass is its strict definitions of its acquisition strategy. They have a six-step process of identifying companies to acquire that reads simply, but has lead to astounding success.