Boyd Gaming Corp.’s filing revealed that its 10% Owner BOYD WILLIAM S unloaded Company’s shares for reported $2.03 million on Mar 14 ’24. In the deal valued at $62.10 per share,32,703 shares were sold. As a result of this transaction, BOYD WILLIAM S now holds 8,762,746 shares worth roughly $578.25 million.
Then, BOYD WILLIAM S sold 63,464 shares, generating $4,005,848 in total proceeds. Upon selling the shares at $63.12, the 10% Owner now owns 8,795,449 shares.
Before that, BOYD WILLIAM S sold 125,000 shares. Boyd Gaming Corp. shares valued at $7,908,750 were divested by the 10% Owner at a price of $63.27 per share. As a result of the transaction, BOYD WILLIAM S now holds 8,858,913 shares, worth roughly $584.6 million.
Mizuho initiated its Boyd Gaming Corp. [BYD] rating to a Buy in a research note published on March 26, 2024; the price target was $80. A number of analysts have revised their coverage, including Susquehanna’s analysts, who decreased its forecast for the stock in mid February from “a Positive” to “a Neutral”. Stifel also remained covering BYD and has decreased its forecast on January 05, 2024 with a “Hold” recommendation from previously “Buy” rating. Barclays revised its rating on December 15, 2023. It rated BYD as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of BYD
On Monday, Boyd Gaming Corp. [NYSE:BYD] saw its stock fall -0.21% to $65.99. Over the last five days, the stock has lost -2.48%. Boyd Gaming Corp. shares have risen nearly 5.40% since the year began. Nevertheless, the stocks have risen 5.47% over the past one year. While a 52-week high of $73.00 was reached on 04/01/24, a 52-week low of $52.42 was recorded on 01/05/24. SMA at 50 days reached $64.32, while 200 days put it at $63.46. A total of 0.68 million shares were traded, compared to the trading of 0.8 million shares in the previous session.
Levels Of Support And Resistance For BYD Stock
The 24-hour chart illustrates a support level at 65.60, which if violated will result in even more drops to 65.20. On the upside, there is a resistance level at 66.63. A further resistance level may holdings at 67.26. The Relative Strength Index (RSI) on the 14-day chart is 56.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 38.24%. Stochastics %K at 62.75% indicates the stock is a holding.
How much short interest is there in Boyd Gaming Corp.?
A steep rise in short interest was recorded in Boyd Gaming Corp. stocks on Mar 15, 2024, dropping by -0.38 million shares to a total of 3.35 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 3.73 million shares. There was a decline of -11.34%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.85% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.12.
