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A Guide To The Risks Of Investing In Boyd Gaming Corp. (BYD)

Boyd Gaming Corp.’s recently made public that its Director SPADAFOR CHRISTINE J. unloaded Company’s shares for reported $0.1 million on May 22 ’24. In the deal valued at $53.38 per share,1,874 shares were sold. As a result of this transaction, SPADAFOR CHRISTINE J. now holds 2,338 shares worth roughly $0.13 million.

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Then, BOYD WILLIAM S sold 32,703 shares, generating $2,030,856 in total proceeds. Upon selling the shares at $62.10, the 10% Owner now owns 8,762,746 shares.

Before that, BOYD WILLIAM S sold 63,464 shares. Boyd Gaming Corp. shares valued at $4,005,848 were divested by the 10% Owner at a price of $63.12 per share. As a result of the transaction, BOYD WILLIAM S now holds 8,795,449 shares, worth roughly $472.93 million.

Raymond James initiated its Boyd Gaming Corp. [BYD] rating to an Outperform in a research note published on May 21, 2024; the price target was $67. A number of analysts have revised their coverage, including Argus’s analysts, who decreased its forecast for the stock in early May from “a Buy” to “a Hold”. JP Morgan also remained covering BYD and has decreased its forecast on April 26, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. Deutsche Bank revised its rating on April 26, 2024. It rated BYD as “a Hold” which previously was an “a Buy”.

Price Performance Review of BYD

On Monday, Boyd Gaming Corp. [NYSE:BYD] saw its stock fall -2.41% to $53.77. Over the last five days, the stock has lost -1.50%. Boyd Gaming Corp. shares have fallen nearly -14.12% since the year began. Nevertheless, the stocks have fallen -22.11% over the past one year. While a 52-week high of $73.00 was reached on 04/01/24, a 52-week low of $49.34 was recorded on 05/29/24. SMA at 50 days reached $54.67, while 200 days put it at $60.09. A total of 0.86 million shares were traded, compared to the trading of 1.8 million shares in the previous session.

Levels Of Support And Resistance For BYD Stock

The 24-hour chart illustrates a support level at 52.90, which if violated will result in even more drops to 52.02. On the upside, there is a resistance level at 55.09. A further resistance level may holdings at 56.41. The Relative Strength Index (RSI) on the 14-day chart is 47.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.63, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 49.88%. Stochastics%K at 73.75% indicates the stock is a holding.

The most recent change occurred on March 26, 2024 when Mizuho began covering the stock and recommended ‘”a Buy”‘ rating along with a $80 price target.

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