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Boyd Gaming Corp. [BYD] Director makes an insider sale of 1,874 shares worth 100,034.

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Boyd Gaming Corp. shares valued at $100,034 were sold by SPADAFOR CHRISTINE J. on May 22 ’24. At $53.38 per share, SPADAFOR CHRISTINE J. sold 1,874 shares. The insider’s holdings dropped to 2,338 shares worth approximately $0.13 million following the completion of this transaction.

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Also, BOYD WILLIAM S sold 32,703 shares, netting a total of over 2,030,856 in proceeds. Following the sale of shares at $62.10 each, the insider now holds 8,762,746 shares.

Before that, BOYD WILLIAM S had sold 63,464 shares from its account. In a trade valued at $4,005,848, the 10% Owner traded Boyd Gaming Corp. shares for $63.12 each. Upon closing the transaction, the insider’s holdings decreased to 63,464 shares, worth approximately $484.63 million.

As published in their initiating research note from Raymond James on May 21, 2024, Boyd Gaming Corp. [BYD] has been an Outperform and the price target has been revised to $67. Analysts at Argus downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early May. As of April 26, 2024, JP Morgan has decreased its “an Overweight” rating to a “Neutral” for BYD. Earlier on April 26, 2024, Deutsche Bank downgraded its rating. Their new recommendation was “a Hold” for BYD stock which previously was a “a Buy”.

Analyzing BYD Stock Performance

During the last five days, there has been a surge of approximately 2.57%. Over the course of the year, Boyd Gaming Corp. shares have dropped approximately -11.99%. Shares of the company reached a 52-week high of $68.46 on 04/01/24 and a 52-week low of $49.34 on 05/29/24. A 50-day SMA is recorded $53.81, while a 200-day SMA reached $59.81. Nevertheless, trading volume fell to 1.12 million shares from 0.77 million shares the previous day.

Support And Resistance Levels for Boyd Gaming Corp. (BYD)

According to the 24-hour chart, there is a support level at 54.47, which, if violated, would cause prices to drop to 53.84. In the upper region, resistance lies at 55.47. The next price resistance is at 55.84. RSI (Relative Strength Index) is 55.36 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.42, which suggests the price will decrease in the coming days. Percent R is at 18.88%, indicating bullish price movement. Stochastics%K at holding indicates that the stock is to be held.

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