Shares of Empire Resorts (NASDAQ: NYNY), gaming and resort management company, recorded 21% increase during each of the past two consecutive trading sessions with significant number of shares exchanging hands. NYNY was the top performer in U.S. consumer discretionary sector after climbing 35.8% and closed at $6.86 Wednesday, while recording significant trading volumes of 2.9 million shares. NYNY broke its key short term resistance level of 200-day DMA at $6.02. During the past 5-trading sessions, NYNY gained 61.8% with daily average trading volumes of 710,843 shares, while the stock accumulated over 45.6% during the past one month with daily average trading volumes of 191,632 shares. The stock is 42.7% year-to-date.
Company Description:
Empire Resorts (NASDAQ: NYNY) is a gaming and resort management company. The company owns through its subsidiary, Monticello Gaming and Raceway, a harness horseracing facility. The complex also features video gaming machines regulated by the New York State Lottery.
1-Year Stock Chart:
Source: Bloomberg
