Boyd Gaming Corp’s recent filing unveils that its President and CEO SMITH KEITH unloaded Company’s shares for reported $2.16 million on Nov 22 ’24. In the deal valued at $72.15 per share,30,000 shares were sold. As a result of this transaction, SMITH KEITH now holds 1,101,202 shares worth roughly $80.38 million.
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Then, SMITH KEITH sold 30,000 shares, generating $2,153,100 in total proceeds. Upon selling the shares at $71.77, the President and CEO now owns 1,131,202 shares.
Before that, SMITH KEITH sold 40,000 shares. Boyd Gaming Corp shares valued at $2,939,600 were divested by the President and CEO at a price of $73.49 per share. As a result of the transaction, SMITH KEITH now holds 1,161,202 shares, worth roughly $84.76 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 Monday, Boyd Gaming Corp [NYSE:BYD] saw its stock jump 0.91% to $72.99. Over the last five days, the stock has gained 1.45%. Boyd Gaming Corp shares have risen nearly 16.58% since the year began. Nevertheless, the stocks have risen 23.29% over the past one year. While a 52-week high of $74.78 was reached on 11/11/24, a 52-week low of $49.34 was recorded on 05/29/24. SMA at 50 days reached $67.41, while 200 days put it at $61.06.
Levels Of Support And Resistance For BYD Stock
The 24-hour chart illustrates a support level at 72.40, which if violated will result in even more drops to 71.80. On the upside, there is a resistance level at 73.89. A further resistance level may holdings at 74.79. The Relative Strength Index (RSI) on the 14-day chart is 64.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 43.03%. Stochastics %K at 59.00% 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 2024-10-31, dropping by -0.48 million shares to a total of 2.89 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.37 million shares. There was a decline of -16.52%, which implies that there is a negative sentiment for the stock.
