Officer Files Intent to Sell $8.75 Million in Common Stock
BYD sits 22% above its 52-week low of $68.98.
Summary
An officer of Boyd Gaming Corp. has filed a Form 144 indicating an intent to sell 100,000 shares of common stock, valued at approximately $8.75 million.
Key Events · Ownership and Investor Activity · BYD
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Officer Files Intent to Sell
Marianne Boyd Johnson, an officer of Boyd Gaming Corp., filed a Form 144 indicating an intent to sell 100,000 shares of common stock.
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Significant Transaction Value
The proposed sale has an approximate market value of $8.75 million, representing a notable liquidity event for the insider.
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Part of Broader Insider Distribution
This filing contributes to a recent pattern of insider distribution, with net insider sales exceeding $6.2 million across three active insiders in the last 90 days.
Analysis · BYD · Real Estate & Construction
Marianne Boyd Johnson, an officer of Boyd Gaming Corp., has filed a Form 144 indicating an intent to sell a substantial amount of common stock. This proposed sale, valued at $8.75 million, represents a notable transaction for an insider and contributes to a recent pattern of insider distribution observed over the last 90 days. While the shares were originally acquired via gift, the intent to sell this quantity signals a significant liquidity event for the officer.
At the time of this filing, BYD was trading at $84.50 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $6.4B. The 52-week trading range was $68.98 to $89.96. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.