How Boyd Gaming Corporation (NYSE:BYD) Performed In Recent Times?


Dallas, Texas 01/01/2014 (FINANCIALSTRENDS) – In the last trading session the share price of Boyd Gaming Corporation (NYSE:BYD) fell by almost 2.62 percent and there were over 2.11 million shares that exchanged hands. During the day the share price of Boyd Gaming Corporation moved between $11.02 and $11.27. If we talk about the 52 day high of Boyd Gaming Corporation then it is $14.75 and the 52 week low is $6.27.

Finally the shares closed around $11.17 and the current market capitalization of Boyd Gaming Corporation stands at $5.68 billion. With recent positive comments being made by the gaming experts related to gaming industry it seems that there is an upswing of at least 8 percent is possible in this stock.  The company in the month of March agreed to sell its Echelon Site for a price of $350 million in cash. The company also received final regulatory approval to acquire Peninsula gaming in 2012.

Overview of Boyd Gaming Corporation (NYSE:BYD)

Boyd Gaming Corporation (NYSE:BYD) and its subsidiaries operate as a multi-jurisdictional gaming company in the United States of America. Boyd Gaming Corporation operates in five segments and those 5 segments are Atlantic City, Midwest and the South, Las Vegas Locals, Downtown Las Vegas and Peninsula Gaming.

The company reported its third quarter review in the month of the October and announced EPS for the fourth quarter to a loss of $0.20 per share. Later in August 2013 the Boyd Gaming Corporation said that it has priced a public offering of 16,500,000 shares at a common price of $12.00 per share. Apart from this initial public offering the company also gave 30 day permission to underwriters to purchase an additional 2,475,000 shares. Many industry analysts are maintaining a hold rating on Boyd Gaming Corporation and advising shareholders and investors to stick with this stock till March and then book profits.

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