Small Cap Movers

Boyd Gaming sheds 9% to new low for the year; Sirios Capital reports stake in Boyd

Dianna Heitz | Jul 11, 2008 11:32am EDT | Comment
Rating: Unrated
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.

For access to the full article, you must be a registered member - it's FREE.

Dianna Heitz

About the Author
Reporter Dianna Heitz is based in SmallCapInvestor.com's Washington, DC bureau.