Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Boyd Gaming Corp. shares valued at $4,387,800 were sold by JOHNSON MARIANNE BOYD on Aug 30 ’24. At $60.00 per share, JOHNSON MARIANNE BOYD sold 73,130 shares. The insider’s holdings dropped to 1,396,628 shares worth approximately $91.28 million following the completion of this transaction.
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Also, JOHNSON MARIANNE BOYD sold 73,130 shares, netting a total of over 4,404,620 in proceeds. Following the sale of shares at $60.23 each, the insider now holds 1,423,498 shares.
Before that, JOHNSON MARIANNE BOYD had added 73,130 shares to its account. In a trade valued at $4,385,446, the Officer bought Boyd Gaming Corp. shares for $59.97 each.
As published in a research note from Morgan Stanley on September 04, 2024, Boyd Gaming Corp. [BYD] has been rated up from an Equal-weight to an Overweight and the price target has been revised to $74 from $66. Analysts at Raymond James started covering the stock with ‘”an Outperform”‘ outlook in a report released in late May. As of May 01, 2024, Argus has decreased its “Buy” rating to a “Hold” for BYD. Earlier on April 26, 2024, JP Morgan downgraded its rating. Their new recommendation was “a Neutral” for BYD stock which previously was a “an Overweight”.
Analyzing BYD Stock Performance
During the last five days, there has been a surge of approximately 3.42%. Over the course of the year, Boyd Gaming Corp. shares have jumped approximately 4.39%. 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 $61.12, while a 200-day SMA reached $60.15. Nevertheless, trading volume fell to 0.86 million shares from 0.66 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 65.02, which, if violated, would cause prices to drop to 64.69. In the upper region, resistance lies at 65.67. The next price resistance is at 65.99. RSI (Relative Strength Index) is 64.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.46, which suggests the price will decrease in the coming days. Percent R is at 13.30%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
