Boyd Gaming Corp.’s recently made public 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 $472.75 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 $477.94 million.
JP Morgan downgraded its Boyd Gaming Corp. [BYD] rating to a Neutral from a an Overweight in a research note published on April 26, 2024; the price target was decreased to $67 from $80. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who decreased its forecast for the stock in late April from “a Buy” to “a Hold”. Mizuho began covering BYD with “Buy” recommendation on March 26, 2024. Susquehanna revised its rating on February 12, 2024. It rated BYD as “a Neutral” which previously was an “a Positive”.
Price Performance Review of BYD
On Monday, Boyd Gaming Corp. [NYSE:BYD] saw its stock jump 1.45% to $53.95. Over the last five days, the stock has lost -14.69%. Boyd Gaming Corp. shares have fallen nearly -13.83% since the year began. Nevertheless, the stocks have fallen -21.34% 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 04/26/24. SMA at 50 days reached $63.72, while 200 days put it at $63.03. A total of 1.75 million shares were traded, compared to the trading of 0.65 million shares in the previous session.
Levels Of Support And Resistance For BYD Stock
The 24-hour chart illustrates a support level at 53.16, which if violated will result in even more drops to 52.36. On the upside, there is a resistance level at 54.82. A further resistance level may holdings at 55.68. The Relative Strength Index (RSI) on the 14-day chart is 21.81, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.75, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.98%. Stochastics %K at 8.09% indicates the stock is a buying.
