Wynn Resorts, Limited (NASDAQ:WYNN) [Trend Analysis] moved down reacts as active mover, shares a loss -0.80% to traded at $91.42 and the percentage gap between open changing to regular change was -0.37%. Wynn Resorts (WYNN) along with Crown Acquisitions signed contract to form a joint venture to own and operate the premier luxury retail space at Wynn Las Vegas.As per the terms of the contract, Crown will pay $472 million in gross proceeds in two installments.
Crown will pay Wynn the first payment of $292 million at closing, which is expected to be in 2016 or early 2017, for its 49.9% interest in a portion of Wynn Las Vegas’ owned and leased retail, representing a 4.7% capitalization rate. Wynn will receive the second fixed payment of $180 million following the completion of Wynn Plaza in 2017. The firm’s current ratio calculated as 1.40 for the most recent quarter. The firm past twelve months price to sales ratio was 2.25 and price to cash ratio remained 5.33. As far as the returns are concern, the return on equity was recorded as -237.90% and return on investment was 5.80% while its return on asset stayed at 2.20%.
pdvWireless, (NASDAQ:PDVW) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with 2.08% to $24.50. pdvWireless, (NASDAQ:PDVW) declared that appointment of Paul Saleh, Executive Vice President and Chief Financial Officer of Computer Sciences Corporation, to its Board of Directors. The Company also declared the retirement of Andy Daskalakis from the Board after more than 12 years of service. Mr. Saleh’s appointment and Mr. Daskalakis’ retirement will become effective December 14, 2016.
“We are excited to welcome Paul to the pdvWireless Board,” said Brian McAuley, Chairman of pdvWireless. “He is a veteran of the wireless communications and technology industries, and he brings tremendous knowledge and expertise to the Board. We value his counsel and look forward to benefitting from his experience and independent judgment as we continue to execute our strategic plan.” “On behalf of the entire Board, I would like to offer my sincere appreciation to Andy for his exceptional service to pdvWireless,” continued Mr. McAuley. “Over the past 12 years, he has provided the company with valuable guidance and insight in the wireless communications industry and dispatch radio business. We are grateful for his dedication and commitment, and we wish him all the best in his retirement.” The share price of PDVW attracts active investors, as stock price of week volatility recorded 4.37%. The stock is going forward to its 52-week low with 31.72% and lagging behind from its 52-week high price with -43.08%.