Why Boyd Gaming Shares Jumped 28.1% in May
Shares of Boyd Gaming (NYSE: BYD) jumped a whopping 28.1% in May, according to data provided by S&P Global Market Intelligence, as casinos across the U.S. moved closer to reopening. In June, shares are already up another 15.2%, although they are still down 17.7% so far in 2020.
Boyd Gaming benefited from a rising market in May and the fact that gambling stocks are generally more volatile, therefore magnifying the market's moves. But it had some positive developments on its own.
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Source Fool.com
