Wynn Resorts Faces Historical June Headwinds Amid Broader Market Challenges
Wynn Resorts (NASDAQ: WYNN), a leading casino and resort operator, has entered June under a historical cloud. According to data from Schaeffer’s Investment Research, the company’s stock has consistently struggled during this month over the past decade. Averaging a 3.29% decline each June for the last 10 years, Wynn ranks as the fourth-worst performer among all S&P 500 components in this period, with positive returns in just 30% of those years. The stock's dismal June track record makes it a notable laggard in the benchmark index. Wynn is also the only gaming company among the 25 worst-performing S&P 500 stocks for June. It shares company with two other travel and leisure names, suggesting the sector as a whole tends to underperform in early summer. Sell in May and Go Away? Not Quite The adage "Sell in May and go away" […]
