Large Outflow of Money Witnessed in Boyd Gaming Corporation

Boyd Gaming Corporation (BYD) had an volatile session and gained 0.52 points till last call. The price was at $20.84, gaining 2.56% till the last intraday data. The total uptick value was $1.59 million while the total downtick value was $2.85 million. The shares saw a net money flow of $(-1.26) million and the up/down ratio stood at 0.56. The stock has seen a change of of 0.97% for the week. The share had a block transaction during the course of trading in which the net money flow was $(-0.85) million. Almost $0 million were received in upticks and approximately $0.85 million were lost in downticks, thereby giving the up/down ratio of 0.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Shares of Boyd Gaming Corporation rose by 1.66% in the last five trading days and 3.27% for the last 4 weeks. Boyd Gaming Corporation is up 16.63% in the last 3-month period. Year-to-Date the stock performance stands at 3.27%. Boyd Gaming Corporation (NYSE:BYD) rose 2.51% or 0.51 points on Wednesday and made its way into the gainers of the day. After trading began at $21.24 the stock was seen hitting $21.34 as a peak level and $20.76 as the lowest level. The stock ended up at $20.83. The daily volume was measured at 2,101,680 shares. The 52-week high of the share price is $21.575 and the 52-week low is $14.22. The company has a market cap of $2,343 million.

Company has reported several Insider transactions to the SEC, on Sep 12, 2016, Robert L Boughner (Executive Vice President) sold 50,000 shares at 19.81 per share price.On Sep 7, 2016, William R Boyd (Vice President) sold 20,500 shares at 19.78 per share price.On Aug 17, 2016, William S Boyd (Executive Chairman) sold 76,531 shares at 19.75 per share price.

Boyd Gaming Corporation Last issued its quarterly earnings results on Nov 1, 2016. The company reported $0.14 EPS for the quarter, beating the analyst consensus estimate by $ 0.03. Analyst had a consensus of $0.11. The company had revenue of $531.90 million for the quarter, compared to analysts expectations of $542.14 million. The companys revenue was down -2.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.27 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Boyd Gaming Corporation was Upgraded by Instinet to Buy on Feb 1, 2017. Boyd Gaming Corporation was Initiated by Buckingham Research on Jan 27, 2017 to Buy, Price Target of the shares are set at $23.Boyd Gaming Corporation was Upgraded by Morgan Stanley to Overweight on Jan 17, 2017.

Headquartered in Las Vegas, Boyd Gaming Corporation is a leading diversified owner and operator of 22 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi and New Jersey.


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