Insider Cluster (2 insiders) ·Filed Jun 9, 2026

BYD

BOYD GAMING CORP
BEARISH
Impact 5/10
Horizonweeks Processed3mo ago
Insider cluster: 2 insiders, $8.9M total
Actionable Insight ▼ Bearish

Two top executives at Boyd Gaming, CEO Keith Smith and Chief Legal Officer Uri Clinton, sold a combined $8.89M in open-market sales over a 7-day window. CEO Smith's $8.59M sale is the dominant transaction, representing ~0.14% of the company's $6.4B market cap. While the dollar amount is modest relative to market cap, the cluster involves the CEO and a C-suite officer selling concurrently, which warrants attention.

DirectionBearish
Confidencemedium
Horizonweeks
Final — all horizons settled through T+60d
BYD ▼ -10.40% at T+60d
SHORT call ✓ call won +10.40% · α vs SPY +16.98% · entry $86.82 → $77.79
Entry anchored
Jun 9, 03:59 PM ET
via exchange tick
T+1d
-0.31%
call +0.31% · α +2.01%
$86.55
settled 4mo ago
T+5d
-0.40%
call +0.40% · α +3.84%
$86.47
settled 4mo ago
T+20d
+0.63%
call -0.63% · α +2.99%
$87.37
settled 3mo ago
T+60d
-10.40%
call +10.40% · α +16.98%
$77.79
settled 29d ago

Price Chart

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Executive Summary

Two top executives at Boyd Gaming, CEO Keith Smith and Chief Legal Officer Uri Clinton, sold a combined $8.89M in open-market sales over a 7-day window. CEO Smith's $8.59M sale is the dominant transaction, representing ~0.14% of the company's $6.4B market cap. While the dollar amount is modest relative to market cap, the cluster involves the CEO and a C-suite officer selling concurrently, which warrants attention.

Key Financial Metrics

Direction
selling
Total Value
$8.9M
Insiders
2

Key Facts

  • CEO Keith Smith sold 100,000 shares at $85.90 for $8.59M on 2026-06-03
  • Chief Legal Officer Uri Clinton sold 3,468 shares at $87.69 for $304K on 2026-06-09
  • Total insider sales in cluster: $8.89M (0.14% of $6.4B market cap)
  • No insider purchases in the cluster
  • Prior 30-day insider activity: 3 sells totaling $9.0M

Financial Impact

CEO sold $8.59M of stock; total cluster $8.89M (0.14% of market cap)

insider ownershipdilution

Risk Factors

  • CEO selling $8.59M could signal reduced confidence in near-term outlook
  • Cluster sales by two C-suite officers may indicate coordinated bearish view
  • No insider buying to offset the selling pressure

Market Snapshot

Exchange
NYSE
Sector
Hotels & Motels
Analyst Consensus
43% bullish (21 analysts)

Investment Themes

Gaming & Esports

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-BYD-1781042774802
9 reports for BYD
Performance horizon

Track record builds as more directional reports settle.

Filters
Rows
Reports for BYD — sortable, filterable
TypeNow
Aug 15, 2026
6w ago
Institutional Cluster
MIXED ★ 4/10
$82.77 $76.08▼ −8.08%▼ −6.11%$67.71 (−18.19%)
Jul 23, 2026
10w ago
Press Release
MIXED ★ 5/10
$87.04 $80.78▼ −7.19%▼ −10.82%$67.71 (−22.21%)
Jun 25, 2026
14w ago
8-K
NEUTRAL ★ 2/10
$89.70 $86.56▼ −3.50%▼ −4.76%$67.71 (−24.52%)
Jun 9, 2026
16w ago
Insider Cluster
BEARISH ★ 5/10
$86.82 $87.37▼ −0.63%▲ +2.99%$67.71 (+22.01%)
May 7, 2026
21w ago
8-K
NEUTRAL ★ 2/10
$85.64 $87.87▲ +2.60%▲ +2.58%$67.71 (−20.94%)
Apr 29, 2026
22w ago
144
NEUTRAL ★ 2/10
$86.29 $82.22▼ −4.72%▼ −10.18%$67.71 (−21.53%)
Apr 23, 2026
23w ago
8-K
BEARISH ★ 7/10
$83.88 $79.65▲ +5.04%▲ +9.07%$67.71 (+19.28%)
Mar 20, 2026
28w ago
DEFA14A
NEUTRAL ★ 2/10
$81.06 $88.12▲ +8.71%▼ −0.61%$67.71 (−16.47%)
Feb 24, 2026
31w ago
8-K
NEUTRAL ★ 3/10
$84.72 $84.87▲ +0.17%▲ +5.41%$67.71 (−20.08%)
Showing 9 of 9

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Report published Jun 9, 2026