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.

During the past 52 weeks, shares of Boyd Gaming have ranged from today’s low of $8.36, which the stock hit just after the opening bell, to a high of $54.22. In today’s trading, shares are at $8.40, down $0.88 from Thursday’s close.

For detailed price information and recent news stories about Boyd Gaming Corporation, click BYD.

Dianna Heitz

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