Wynn Resorts (WYNN) was Smart Insider's stock pick of the week after Chair Philip Satre bought $2 million worth of the company's shares at $92.18 apiece on Feb. 18, raising his stake by 67%.
This was Satre's second purchase and his first since November 2018, when he purchased $1 million worth of Wynn Resorts' shares, Smart Insider said in a note Tuesday.
"It's interesting to see him now buying 7 years later in twice the size," the note added.
Smart Insider ranked the stock +1, or strong positive signal, on Feb. 19.
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