State Street Corp Acquires 77,416 Shares of Wynn Resorts, Limited $WYNN

State Street Corp increased its stake in Wynn Resorts, Limited by 2.6% in the second quarter, acquiring an additional 77,416 shares to hold a total of 3.05 million shares valued at $295.9 million. Institutional investors now own 88.64% of WYNN, and analysts maintain a "Moderate Buy" rating with an average price target of $133.35, despite recent stock weakness. Wynn Resorts reported strong quarterly results, exceeding revenue and earnings estimates, and pays a quarterly dividend.