Shares of Boyd Gaming Corporation (NYSE:BYD) Sees Large Outflow of Money

Shares of Boyd Gaming Corporation (NYSE:BYD) traded 0.32 points or 1.7% higher at $19.17.The total intraday money flow for the shares came in at a disappointing $(-3.52) million. The total upticks amounted to $1.77 million and the total downticks were approximately $5.29 million, with the up/down ratio of 0.34. On a different note, the shares have seen 2.57% price change during the week.In a block trade which occurred during the day, the stock had an inflow of $0 million in upticks and an outflow of $3.8 million in downticks. The up/down ratio for the block was found to be 0. The net money flow for the block transaction was $(-3.8) million.


The stock has recorded a 20-day Moving Average of 1.54% and the 50-Day Moving Average is 0.94%. The company shares have rallied 22.48% in the past 52 Weeks. On April 20, 2016 The shares registered one year high of $21.43 and one year low was seen on February 8, 2016 at $14.22. The 50-day moving average is $18.86 and the 200 day moving average is recorded at $18.63. S&P 500 has rallied 1.93% during the last 52-weeks.

Boyd Gaming Corporation (NYSE:BYD): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $18.88 and $18.74 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $19.20. The buying momentum continued till the end and the stock did not give up its gains. It closed at $19.18, notching a gain of 1.75% for the day. The total traded volume was 1,602,560 . The stock had closed at $18.85 on the previous day.

Currently the company Insiders own 29.67% of Boyd Gaming Corporation shares according to the proxy statements. Institutional Investors own 80.56% of Boyd Gaming Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -17.47%. On the companys insider trading activities,The director officer (President & CEO) of Boyd Gaming Corp, Smith Keith sold 7,200 shares at $19.4 on June 9, 2016. The Insider selling transaction had a total value worth of $139,680. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Boyd Gaming Corporation is a multi-jurisdictional gaming company. The Company operates 22 properties in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi and New Jersey. The Company owns and manages 1,268,345 square feet of casino space, containing 30,392 slot machines, 777 table games and 11,391 hotel rooms. The Company operates in five segments: Las Vegas Locals; Downtown Las Vegas; Midwest and South; Peninsula, and Borgata.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.