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 $2,153,100 were sold by SMITH KEITH on Nov 19 ’24. At $71.77 per share, SMITH KEITH sold 30,000 shares. The insider’s holdings dropped to 1,131,202 shares worth approximately $80.9 million following the completion of this transaction.
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Also, SMITH KEITH sold 40,000 shares, netting a total of over 2,939,600 in proceeds. Following the sale of shares at $73.49 each, the insider now holds 1,161,202 shares.
Before that, BOYD WILLIAM S had added 110,200 shares to its account. In a trade valued at $8,064,386, the Director bought Boyd Gaming Corp shares for $73.18 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 drop of approximately -2.04%. Over the course of the year, Boyd Gaming Corp shares have jumped approximately 14.23%. Shares of the company reached a 52-week high of $74.78 on 11/11/24 and a 52-week low of $49.34 on 05/29/24. A 50-day SMA is recorded $66.96, while a 200-day SMA reached $60.99. Nevertheless, trading volume fell to 0.81 million shares from 0.98 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 71.09, which, if violated, would cause prices to drop to 70.67. In the upper region, resistance lies at 72.02. The next price resistance is at 72.53. RSI (Relative Strength Index) is 58.34 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.45, which suggests the price will decrease in the coming days. Percent R is at 45.66%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
