Streetbeat News

BYD

Boyd Gaming Corporation

https://www.boydgaming.com

Industry

Gambling, Resorts & Casinos

Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest & South. As of December 31, 2021, the company operated 28 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. It also engages in owning and operating a travel agency. The company was founded in 1975 and is headquartered in Las Vegas, Nevada.

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Tesla, Alphabet, GM, and Ford are among the key companies reporting earnings this week, which could influence the market's direction. Tesla is expected to report a significant decline in EPS due to price cuts, while Alphabet's earnings will be closely watched as it is the first AI-levered mega-cap to report. The market has seen a pullback, with major indices like QQQ and SPY retreating from record highs.

Portfolio Pulse from Shanthi Rexaline

July 21, 2024 | 9:18 pm

Boyd Gaming (NYSE:BYD) has seen an 8.41% increase in its short percent of float, now at 5.8%. This indicates a bearish sentiment among investors, as it surpasses the peer group average of 5.03%. It would take traders 3.49 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

June 25, 2024 | 2:00 pm

Shares of PENN Entertainment surged following a report that Boyd Gaming is considering acquiring the company. The potential deal could face challenges due to Boyd's smaller valuation and the need to win over Disney, which has a licensing agreement with Penn for the ESPN Bet brand. The news comes as Penn has struggled with its online sports betting platform but has shown strong results in its casino business.

Portfolio Pulse from Chris Katje

June 20, 2024 | 8:40 pm

Boyd Gaming shares are trading lower following a report suggesting the company has made an acquisition approach to Penn Entertainment.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 7:39 pm

Boyd Gaming has made an acquisition approach to Penn Entertainment, according to sources cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 7:29 pm

The U.S. Supreme Court has denied the petition to hear the Florida sports betting case, allowing the gaming compact that permits online sports betting in Florida to stand. This decision is likely to impact shares of several sports betting companies.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 1:40 pm

Las Vegas tourism is booming with increased overnight stays, but the gambling sector shows mixed results. Caesars Entertainment reported losses, while MGM Resorts, Las Vegas Sands, and Wynn Resorts saw revenue growth. Boyd Gaming also faced challenges.

Portfolio Pulse from Anthony Noto

June 05, 2024 | 1:04 pm

The article highlights five oversold consumer discretionary stocks with RSI values near or below 30, indicating potential buying opportunities. The stocks mentioned are Whirlpool Corporation (WHR), Chegg, Inc. (CHGG), Winnebago Industries, Inc. (WGO), Advance Auto Parts, Inc. (AAP), and Boyd Gaming Corporation (BYD).

Portfolio Pulse from Avi Kapoor

May 30, 2024 | 11:43 am

Airbnb and Norwegian Cruise Holdings received analyst upgrades, signaling potential growth in the travel and leisure sector. ETFs tracking this sector have underperformed compared to the broader market, but improving outlooks are drawing investor interest.

Portfolio Pulse from Piero Cingari

May 28, 2024 | 5:17 pm

Raymond James has initiated coverage on Boyd Gaming (NYSE:BYD) with an Outperform rating and set a price target of $67.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 9:49 am

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