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Jefferies Upgrades Boyd Gaming Corp (BYD) to a Buy from a Hold

Boyd Gaming Corp’s recent filing unveils that its Officer Clinton, Uri (BYD) acquired Company’s shares for reported $0.33 million on Feb 11 ’25. In the deal valued at $76.88 per share,4,257 shares were bought.

Then, JOHNSON MARIANNE BOYD bought 50,000 shares, generating $3,884,291 in total proceeds.

Before that, SPADAFOR CHRISTINE J. sold 660 shares. Boyd Gaming Corp shares valued at $49,949 were divested by the Director at a price of $75.68 per share. As a result of the transaction, SPADAFOR CHRISTINE J. now holds 5,977 shares, worth roughly $0.46 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 jump 0.04% to $77.71. Over the last five days, the stock has gained 1.36%. Boyd Gaming Corp shares have risen nearly 7.13% since the year began. Nevertheless, the stocks have risen 18.64% over the past one year. While a 52-week high of $80.50 was reached on 02/07/25, a 52-week low of $49.34 was recorded on 01/10/25. SMA at 50 days reached $74.35, while 200 days put it at $63.62.

Levels Of Support And Resistance For BYD Stock

The 24-hour chart illustrates a support level at 76.81, which if violated will result in even more drops to 75.92. On the upside, there is a resistance level at 78.39. A further resistance level may holdings at 79.07. The Relative Strength Index (RSI) on the 14-day chart is 61.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.65, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 49.78%. Stochastics %K at 47.13% 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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