Have any insiders recently sold shares of Boyd Gaming Corporation (NYSE:BYD)?
Some Boyd Gaming Corporation (NYSE:BYD) Shareholders might be a little concerned that co-executive board chair Marianne Johnson recently sold $5.6 million worth of stock at $56.36 a day. stock. However, it is crucial to note that they remain very invested in the stock and that the sale only reduced their stake by 3.0%.
See our latest review for Boyd Gaming
Boyd Gaming Insider Trading Over the Last Year
In fact, the recent sale by Marianne Johnson was the biggest sale of Boyd Gaming stock by an insider in the past twelve months, according to our records. This means that even when the stock price was slightly lower than the current price of US$59.33, an insider wanted to cash in some shares. When an insider sells below the current price, it suggests that they consider this lower price to be fair. This makes us wonder what they think of the recent (higher) valuation. Please note, however, that sellers may have various reasons for selling, so we don’t know for sure what they think of the stock price. It should be noted that this sale represented only 3.0% of Marianne Johnson’s stake.
In total, insiders sold more shares of Boyd Gaming than they bought in the past year. You can see a visual representation of insider trading (by companies and individuals) over the past 12 months, below. By clicking on the graph below, you will be able to see the precise detail of each insider trade!
If you like buying stocks that insiders are buying, rather than selling, then you might love this free list of companies. (Hint: insiders bought them).
Examining the total insider holdings in a company can help you know if they are well aligned with common shareholders. I think it’s a good sign if insiders have a significant number of shares in the company. Boyd Gaming insiders own approximately $1.6 billion in stock (or 24% of the company). Most shareholders would be happy to see this type of insider ownership, as it suggests that management’s incentives are well aligned with those of other shareholders.
What could insider trading at Boyd Gaming tell us?
Insiders haven’t bought Boyd Gaming shares in the past three months, but there have been some sell-offs. And our longer-term analysis of insider trading didn’t provide confidence either. But it’s good to see Boyd Gaming increasing its revenue. It’s good to see strong insider ownership, but insider selling leaves us cautious. In addition to knowing the insider trading going on, it pays to identify the risks that Boyd Gaming faces. For example – Boyd Gaming has 2 warning signs we think you should know.
If you’d rather check out another company – one with potentially superior finances – then don’t miss this free list of attractive companies, which have a high return on equity and low debt.
For the purposes of this article, insiders are persons who report their transactions to the relevant regulatory body. We currently record open market transactions and private dispositions, but not derivative transactions.
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This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.