why is byd stock dropping

The stock price of BYD (Boyd Gaming) experienced a pre-market decline of -1.07% on July 31, 2025, and a post-market change of 0% on the same day. Boyd Gaming's stock exhibited a significant fluctuation, with a notable drop of 1.39% on July 23, followed by a 4.4% increase on July 24. The stock's performance can be attributed to several factors: 1. **Q2 Earnings Report**: The company's Q2 earnings report was impressive, with a 3.4% year-over-year revenue increase, reaching $1.03 billion, and a surge in adjusted EBITDAR to $357.9 million. However, the market may have reacted to the report, leading to a temporary drop in the stock price. 2. **Strategic Moves**: Boyd Gaming recently sold its 5% equity interest in FanDuel for $1.755 billion, which could be a strategic move to strengthen its balance sheet and reduce debt. Such transactions can lead to short-term volatility as the market absorbs the changes. In conclusion, the stock's drop is likely a result of a combination of factors including market reaction to earnings report and strategic moves. |code|Ticker|Name|Date|Percentage Change|market_code| |---|---|---|---|---|---| |BYD|BYD.N|Boyd Gaming|20250725|4.3975|169| |BYD|BYD.N|Boyd Gaming|20250728|0.4887|169| |BYD|BYD.N|Boyd Gaming|20250729|-0.7179|169| |BYD|BYD.N|Boyd Gaming|20250730|1.1547|169|