Ballys Corporation’s recent filing unveils that its Director ROLLINS JEFFREY W acquired Company’s shares for reported $50000.0 on Nov 09 ’23. In the deal valued at $10.00 per share,5,000 shares were bought. As a result of this transaction, ROLLINS JEFFREY W now holds 87,175 shares worth roughly $1.15 million.
Then, PATEL JAYMIN B bought 10,000 shares, generating $88,400 in total proceeds. Upon buying the shares at $8.84, the Director now owns 33,624 shares.
Before that, Downey Terrence bought 5,800 shares. Ballys Corporation shares valued at $52,200 were divested by the Director at a price of $9.00 per share. As a result of the transaction, Downey Terrence now holds 37,773 shares, worth roughly $0.5 million.
Macquarie downgraded its Ballys Corporation [BALY] rating to a Neutral from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in early January from “an Equal weight” to “an Underweight”. Stifel also remained covering BALY and has decreased its forecast on November 02, 2022 with a “Hold” recommendation from previously “Buy” rating. Deutsche Bank started covering the stock on October 06, 2022. It rated BALY as “a Hold”.
Price Performance Review of BALY
On Tuesday, Ballys Corporation [NYSE:BALY] saw its stock jump 0.46% to $13.20. Over the last five days, the stock has lost -4.90%. Ballys Corporation shares have fallen nearly -5.31% since the year began. Nevertheless, the stocks have fallen -27.79% over the past one year. While a 52-week high of $19.03 was reached on 03/12/24, a 52-week low of $7.28 was recorded on 03/05/24. SMA at 50 days reached $12.19, while 200 days put it at $12.80. A total of 0.28 million shares were traded, compared to the trading of 0.32 million shares in the previous session.
Levels Of Support And Resistance For BALY Stock
The 24-hour chart illustrates a support level at 12.91, which if violated will result in even more drops to 12.63. On the upside, there is a resistance level at 13.38. A further resistance level may holdings at 13.57. The Relative Strength Index (RSI) on the 14-day chart is 50.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.63%. Stochastics %K at 16.98% indicates the stock is a buying.
The most recent change occurred on June 29, 2022 when Barclays began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $21 price target.
