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Insider Sale Alert: Boyd Gaming Corp [BYD] – Is it Time to sell?

Boyd Gaming Corp’s recently made public that its Director SPADAFOR CHRISTINE J. unloaded Company’s shares for reported $49949.0 on Dec 12 ’24. In the deal valued at $75.68 per share,660 shares were sold. As a result of this transaction, SPADAFOR CHRISTINE J. now holds 5,977 shares worth roughly $0.46 million.

Then, SMITH KEITH sold 30,000 shares, generating $2,164,500 in total proceeds. Upon selling the shares at $72.15, the President and CEO now owns 1,101,202 shares.

Before that, SMITH KEITH sold 30,000 shares. Boyd Gaming Corp shares valued at $2,153,100 were divested by the President and CEO at a price of $71.77 per share. As a result of the transaction, SMITH KEITH now holds 1,131,202 shares, worth roughly $86.73 million.

Jefferies upgraded its Boyd Gaming Corp [BYD] rating to a Buy from a a Hold in a research note published on January 03, 2025; the price target was increased to $92 from $73. A number of analysts have revised their coverage, including Argus’s analysts, who increased its forecast for the stock in mid December from “a Hold” to “a Buy”. Morgan Stanley also remained covering BYD and has increased its forecast on September 04, 2024 with a “an Overweight” recommendation from previously “an Equal-weight” rating. Raymond James started covering the stock on May 21, 2024. It rated BYD as “an Outperform”.

Price Performance Review of BYD

On Tuesday, Boyd Gaming Corp [NYSE:BYD] saw its stock fall -0.20% to $76.67. Over the last five days, the stock has lost -0.60%. Boyd Gaming Corp shares have risen nearly 5.69% since the year began. Nevertheless, the stocks have risen 18.89% over the past one year. While a 52-week high of $78.58 was reached on 01/30/25, a 52-week low of $49.34 was recorded on 01/10/25. SMA at 50 days reached $73.83, while 200 days put it at $63.26.

Levels Of Support And Resistance For BYD Stock

The 24-hour chart illustrates a support level at 76.23, which if violated will result in even more drops to 75.79. On the upside, there is a resistance level at 77.07. A further resistance level may holdings at 77.47. The Relative Strength Index (RSI) on the 14-day chart is 60.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.28%. Stochastics %K at 72.00% 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 2025-01-15, dropping by -0.12 million shares to a total of 2.0 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 2.12 million shares. There was a decline of -6.2%, which implies that there is a negative sentiment for the stock.

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