Recent activity shows that Bally’s Corporation, BALY the Insider Confidence level is trending Up due to Corporate Insiders of BALY Bought $910.7K worth of shares in the last 3 months.
Before you dig into this report it is important to remember that “Insider Buying” is the purchase of shares in a corporation by a director, officer, or executive within the company. Insider buying is not the same as insider trading, which refers to corporate insiders making illegal stock purchases based on non-public information.
“Insider Buying” is not a crime when the buying is based on public information.
Additionally, since insiders have unique insights into their own companies, they often gobble up shares when they believe the stock is undervalued or dump stock when it’s time to sell. That’s why people pay attention to insider buying.
Here is a list of the latest insider activity for BALY:
- Downey Terrence – Director, Bought $45,000 worth of shares on 1 day ago
- Fenton Lee – CEO,Director, Bought $258,693 worth of shares on 1 day ago
- Papanier George T. – President, Retail,Director, Bought $101,723 worth of shares on 1 day ago
- Reeves Robeson – President, Interactive,Director, Bought $258,750 worth of shares on 1 day ago
TipRanks.com reports that Bally’s Corporation currently has 5 analysts offering 12-month price targets and the consensus is a Moderate Buy rating with an average price target is $61.80 . The target pricing ranges from a high forecast of $75.00 down to a low forecast of $52.00. Bally’s Corporation (BALY)’s last closing price was 46.48 which would put the average price target at 61.80 upside.
In addition, TradingView issued a rating for BALY over the next month, Barchart.com has a Strong sell rating and Yahoo! Finance has a Bearish short-term outlook.
Bally’s Corporation, BALY
Summary: Bally’s Corporation owns and manages casinos, horse racetrack and authorized OTB licenses principally in Colorado. The company’s properties include Twin River Casino Hotel, Tiverton Casino Hotel, Hard Rock Hotel & Casino, Casino Vicksburg, Dover Downs Hotel & Casino, Casino KC, Golden Gates Casino, Golden Gulch Casino, Mardi Gras Casino and Arapahoe Park racetrack. Bally’s Corporation, formerly known as Twin River Worldwide Holdings Inc., is based in Providence, Rhode Island.
- Last Price: 46.48
- Price Change: 2.85, 6.53%
- Yearly Gain: 56.38%
- Market Cap: 2.53B
- P/E Ratio: 23
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