Tilman Fertitta buys 400,000 shares at blended avg $69.68; stock down -38.5% from 52-week high, -25.5% in 30 days
Tilman Fertitta, a 10% owner of Wynn Resorts, executed 3 separate purchases totaling 400,000 shares for $27,872,500.00 between April 4-7, 2025, at a blended average price of $69.68. The purchase occurs amid significant recent price deterioration: the stock trades at $66.10, down -25.5% over 30 days and -38.5% from its 52-week high of $107.46. His prior two purchases at WYNN (March 21 and March 24, 2025) are too recent for outcome measurement. Fundamentally, the company posted $1.7B quarterly revenue (+9.1% annual growth) but $-32.1M net income, with a P/E of 9.71. The timing of these purchases during a pronounced downtrend, coupled with his substantial existing 13.00M share position (now increased by 3.2%), suggests activity in response to recent price weakness relative to the company's scale and growth trajectory.