Wynn Resorts Ltd (WYNN US, +1, 19-Feb-25)

Philip Satre (Chair since November 2018, joined as Vice Chair in August of the same year) purchased $2 million worth of stock on February 18th at $92.18, increasing his holding by 67%. This is only his 2nd purchase and his first purchase since November 2018, when he bought $1 million worth of stock at $103.01, shortly after his promotion to the Chair position. That purchase proved to be timely. It’s interesting to see him now buying 7 years later in twice the size.

Sater worked in various roles at Harrah’s Entertainment from 1980-2005, culminating as CEO and Chair. He previously served on the boards of Nordstrom, Inc., International Game Technology, NV Energy, Tabcorp Holdings Ltd. (Australia), and Rite Aid Corporation. The company reported results on February 13th.