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Taking a Closer Look At Boyd Gaming Corp (BYD) Following Its Recent Trade

Boyd Gaming Corp’s recent filing unveils that its Director BOYD WILLIAM R unloaded Company’s shares for reported $5.31 million on Oct 30 ’24. In the deal valued at $70.97 per share,74,845 shares were sold. As a result of this transaction, BOYD WILLIAM R now holds 1,513,125 shares worth roughly $103.89 million.

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Then, BOYD WILLIAM R sold 25,155 shares, generating $1,744,499 in total proceeds. Upon selling the shares at $69.35, the Director now owns 1,487,970 shares.

Before that, Bogich Ted sold 25,194 shares. Boyd Gaming Corp shares valued at $1,745,440 were divested by the Chief Operating Officer at a price of $69.28 per share. As a result of the transaction, Bogich Ted now holds 64,424 shares, worth roughly $4.42 million.

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 -0.91% to $68.66. Over the last five days, the stock has lost -1.01%. Boyd Gaming Corp shares have risen nearly 9.66% since the year began. Nevertheless, the stocks have risen 25.36% over the past one year. While a 52-week high of $72.22 was reached on 10/30/24, a 52-week low of $49.34 was recorded on 05/29/24. SMA at 50 days reached $63.55, while 200 days put it at $60.43.

Levels Of Support And Resistance For BYD Stock

The 24-hour chart illustrates a support level at 68.03, which if violated will result in even more drops to 67.40. On the upside, there is a resistance level at 69.69. A further resistance level may holdings at 70.72. The Relative Strength Index (RSI) on the 14-day chart is 60.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.45, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 39.78%. Stochastics %K at 69.99% indicates the stock is a holding.

How much short interest is there in Boyd Gaming Corp?

A steep rise in short interest was recorded in Boyd Gaming Corp stocks on 2024-10-15, dropping by -0.66 million shares to a total of 3.31 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 3.98 million shares. There was a decline of -20.01%, which implies that there is a negative sentiment for the stock.

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