Wynn Resorts Reaches Highest Level Since April 2015 After Positive Macau Data

Wynn Resorts, Limited WYNN shares are trading higher by $1.80 at $116.41 in Monday's session.

Other gaming stocks are rallying off strong revenue data out of Macau. This marks a rise in revenue for the eighth month in a row.

After a higher open, Wynn's stock continued in that direction before peaking at $119.80 and reversing course. That puts it at its highest level since April 28, 2015, when it peaked at $132.00 and ended the session at $130.48. The following day it tumbled to $108.77, when it missed by wide margin for EPS and revenues for its Q1 2015 report.

Since reaching that elevated level, Wynn's stock has continued to make new lows for the session, with the current one standing at $116.13. In order to reach the top of Friday's range, it would need to reach $114.93.