Boyd Gaming Corp.’s filing revealed that its Executive Chairman JOHNSON MARIANNE BOYD unloaded Company’s shares for reported $4.39 million on Aug 30 ’24. In the deal valued at $60.00 per share,73,130 shares were sold. As a result of this transaction, JOHNSON MARIANNE BOYD now holds 1,396,628 shares worth roughly $90.74 million.
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Then, JOHNSON MARIANNE BOYD sold 73,130 shares, generating $4,404,620 in total proceeds. Upon selling the shares at $60.23, the Executive Chairman now owns 1,423,498 shares.
Before that, JOHNSON MARIANNE BOYD bought 73,130 shares. Boyd Gaming Corp. shares valued at $4,385,446 were divested by the Officer at a price of $59.97 per share.
Morgan Stanley upgraded its Boyd Gaming Corp. [BYD] rating to an Overweight from a an Equal-weight in a research note published on September 04, 2024; the price target was increased to $74 from $66. A number of analysts have revised their coverage, including Raymond James’s analysts, who began to cover the stock in late May with a ‘”an Outperform”‘ rating. Argus also remained covering BYD and has decreased its forecast on May 01, 2024 with a “Hold” recommendation from previously “Buy” rating. JP Morgan revised its rating on April 26, 2024. It rated BYD as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of BYD
On Friday, Boyd Gaming Corp. [NYSE:BYD] saw its stock fall -1.68% to $64.97. Over the last five days, the stock has gained 2.59%. Boyd Gaming Corp. shares have risen nearly 3.77% since the year began. Nevertheless, the stocks have risen 8.14% over the past one year. While a 52-week high of $68.46 was reached on 04/01/24, a 52-week low of $49.34 was recorded on 05/29/24. SMA at 50 days reached $61.51, while 200 days put it at $60.18.
Levels Of Support And Resistance For BYD Stock
The 24-hour chart illustrates a support level at 64.27, which if violated will result in even more drops to 63.58. On the upside, there is a resistance level at 65.96. A further resistance level may holdings at 66.96. The Relative Strength Index (RSI) on the 14-day chart is 58.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.31, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 31.01%. Stochastics %K at 84.98% indicates the stock is a selling.
How much short interest is there in Boyd Gaming Corp.?
A steep rise in short interest was recorded in Boyd Gaming Corp. stocks on 2024-09-30, growing by 38776.0 shares to a total of 3.37 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 3.33 million shares. There was a rise of 1.15%, which implies that there is a positive sentiment for the stock.