Wynn Surges On Macau Revenue Growth (WYNN)

Shares of Wynn Resorts WYNN gapped up this morning at the open and have continued to move higher. The stock is currently trading up 6.44% to $135.35. The move appears to be attributable to a report that showed that gaming revenue in Macau, the primary growth market for WYNN, were up 48% in March on a year over year basis. WYNN volume has been heavy with more than 2.3 million shares already trading hands compared to a 3-month daily average of 2.1 million. The shares are trading at a new 52-week high.