Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Boyd Gaming Corp. shares valued at $7,108,000 were purchased by William R. Boyd on Oct 30 ’24. At $71.08 per share, William R. Boyd acquired 100,000 shares.
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Also, Hirsberg Josh purchased 21,549 shares, netting a total of over 1,533,858 in proceeds.
Before that, BOYD WILLIAM S had added 83,266 shares to its account. In a trade valued at $5,944,003, the Director bought Boyd Gaming Corp. shares for $71.39 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 9.98%. Over the course of the year, Boyd Gaming Corp. shares have jumped approximately 12.43%. Shares of the company reached a 52-week high of $72.22 on 10/30/24 and a 52-week low of $49.34 on 05/29/24. A 50-day SMA is recorded $63.15, while a 200-day SMA reached $60.37. Nevertheless, trading volume fell to 1.04 million shares from 1.38 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 69.73, which, if violated, would cause prices to drop to 69.08. In the upper region, resistance lies at 71.63. The next price resistance is at 72.88. RSI (Relative Strength Index) is 68.99 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.97, which suggests the price will increase in the coming days. Percent R is at 19.06%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
