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May 1, 2020, 9:45 a.m. EDT

Volume Players in Services Sector Mid-Cap Range: WYNN, FTCH, HUYA

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May 01, 2020 (The Market Signal via Comtex) -- Sector Reports was created as a platform to help investors find the best free Stock Reports on stocks they own. If you are a shareholder or looking to buy /zigman2/quotes/208845907/composite WYNN -4.27% , /zigman2/quotes/203824836/composite FTCH +3.42% , /zigman2/quotes/204095537/composite HUYA +3.49% then we strongly urge you to join our community by signing with the link below and getting a completely free research report on each company today.

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Coronavirus pandemic eruption happened without warning, ousting several of the small and medium businesses. Yet, this seems to be a provisional chapter, which is bound to get over in time. Even though the efforts to mitigate its impact will take long, but the stocks are continuing to perform well in certain sectors, including services. We talk about three stocks in service sector here, which were the most traded in volume in yesterday's stock trading.

Wynn Resorts Offers Free Covid-19 Testing To Employees In Vegas

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Wynn Resorts, Limited /zigman2/quotes/208845907/composite WYNN -4.27% closed at a share price of $85.53 yesterday. It was one of the most traded in volume stock in the services sector at 6.57 million, higher than its average traded volume of 6.11 million.

Making a positive shift to its approach, the company recently announced partnership with University Medical Center (UMC) to enable Wynn Las Vegas employees a free testing for COVID-19 virus.

UMC has invested in new laboratory which has enabled an increased testing capacity for thousands of tests in one day, which is much needed to check the exact figures. The employees of WYNN will get a direct access to this free testing of COVID-19 in Vegas at designated locations. These tests will begin from May 4 onward.

Farfetch Updates On Convertible Senior Notes

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Farfetch Ltd /zigman2/quotes/203824836/composite FTCH +3.42% closed at a share price of $12.81 yesterday, up 3.36%. This was one of the most traded stocks in the services sector at 5.81 million yesterday, higher than its average traded volume of 4.39 million.

Meanwhile, the company also announced offering convertible senior notes worth $300 million. The maturity of these convertible senior notes will happen through private placement in 2027.

Farfetch Ltd aspires to use the proceeds for general purposes of its corporate business. Once the company decides of its pricing, the redemption rights, repurchase, conversion rate and interest rate will be determined then.

HUYA Has Top Three Tencent's Executives

https://www.sectorreports.com.au/landing-page/?symbol=HUYA

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HUYA Inc - ADR /zigman2/quotes/204095537/composite HUYA +3.49% closed at a share price of $15.99 yesterday, up 1.50%. 2.53 million shares of Huya changed hands yesterday. Its average traded volume in the share market is 3.06 million.

34.6% stake of HUYA was acquired by Tencent(otcmkts:TCEHY) recently. Tencent has also bought Huya's 16.5 million class B shares, worth approximately $262.6 million. Also, Tencent's three top executives have found a place in Huya's board.

While Huya will operate independently, Tencent aspires to merge its financial results with Huya. It would be worth watching if this move will become beneficial or not, as far as Huya is concerned.

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The post Volume Players in Services Sector Mid-Cap Range: WYNN, FTCH, HUYA appeared first on The Market Signals .

COMTEX_365201511/2662/2020-05-01T09:44:55

/zigman2/quotes/208845907/composite
US : U.S.: Nasdaq
$ 84.52
-3.77 -4.27%
Volume: 3.03M
Aug. 12, 2020 12:18p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$9.52 billion
Rev. per Employee
$258,372
loading...
/zigman2/quotes/203824836/composite
US : U.S.: NYSE
$ 25.99
+0.86 +3.42%
Volume: 1.34M
Aug. 12, 2020 12:18p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$8.54 billion
Rev. per Employee
$186,381
loading...
/zigman2/quotes/204095537/composite
US : U.S.: NYSE
$ 24.90
+0.84 +3.49%
Volume: 1.33M
Aug. 12, 2020 12:18p
P/E Ratio
71.02
Dividend Yield
N/A
Market Cap
$5.35 billion
Rev. per Employee
$861,571
loading...
/zigman2/quotes/208845907/composite
US : U.S.: Nasdaq
$ 84.52
-3.77 -4.27%
Volume: 3.03M
Aug. 12, 2020 12:18p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$9.52 billion
Rev. per Employee
$258,372
loading...
/zigman2/quotes/203824836/composite
US : U.S.: NYSE
$ 25.99
+0.86 +3.42%
Volume: 1.34M
Aug. 12, 2020 12:18p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$8.54 billion
Rev. per Employee
$186,381
loading...
/zigman2/quotes/204095537/composite
US : U.S.: NYSE
$ 24.90
+0.84 +3.49%
Volume: 1.33M
Aug. 12, 2020 12:18p
P/E Ratio
71.02
Dividend Yield
N/A
Market Cap
$5.35 billion
Rev. per Employee
$861,571
loading...

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