Boyd Gaming sheds 9% to new low for the year; Sirios Capital reports stake in Boyd
Boyd Gaming Corporation (NYSE:BYD) is down more than 9% today to a 52-week low as the casino industry continues to feel the pressure of an unsteady economy, lower consumer spending and decreases in travel. Boyd is a Las Vegas-based gaming company. Its stock is down more than 75% since January when it was trading around $33 per share.
Ahead of the opening, Sirios Capital Management LP reported owning a 5.2% stake in Boyd, owning about 4.6 million shares, according to a Securities and Exchange Commission filing.
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