This will likely result in a short-term stock price bounce back. On October 24th, BYD will hold a conference call to review their Q3 results, which are likely promising as the summer months are a historically profitable period for casino firms.
Historically, casino gaming firms see disproportionate returns during the holiday season relative to the rest of the year. Over the last 6 months, BYD has seen a 9.60% decrease in its stock price, a trend that I see turning around as we enter the latter quarter of the year. Boyd Gaming Corporation ( NYSE: BYD) is an American gaming and hospitality firm based in Paradise, Nevada.
