What drove Penn National Gaming’s 15% fall in April?
Nov 04, 2021 · Penn National Gaming's stock was trading about 19.4% lower at $58.63 per share on Thursday at the time of publication. The stock has a 52-week high of $142 and has a 52-week low of $58.02. See ...
What's happened to Penn National Gaming stock?
May 05, 2021 · Shares of Penn National Gaming ( PENN 0.52%), a major casino operator, fell 15% in April, according to data from S&P Global Market Intelligence. That continues a decline that started on March 15 ...
Is Penn National's Stock up 960% between April 2020 and March 2021?
Nov 04, 2021 · Penn National Gaming, Inc. (NASDAQ: PENN) shares are trading significantly lower after the company reported third-quarter earnings per share results were down year over year. My account My Account
Is Penn National Gaming's dividend a window into a company's Soul?
Penn National Gaming stock fell on Wednesday as COVID-19 cases surged across the U.S. Image source: Getty Images. Moreover, fears of getting sick …
Why is PENN Gaming stock dropping?
What happened to Penn National Gaming?
Will PENN Gaming stock go back up?
The 18 analysts offering 12-month price forecasts for Penn National Gaming Inc have a median target of 56.50, with a high estimate of 80.00 and a low estimate of 38.00. The median estimate represents a +77.34% increase from the last price of 31.86.
Is Penn National Gaming a good stock to buy?
Is PENN overvalued?
Is PENN stock a buy or sell?
How much of Barstool does Penn own?
Should I hold Penn stock?
Who owns Penn National Gaming?
Institutional investors hold a majority ownership of PENN through the 81.76% of the outstanding shares that they control. This interest is also higher than at almost any other company in the Casinos/Gaming industry.
Will Tilray go up?
The 15 analysts offering 12-month price forecasts for Tilray Brands Inc have a median target of 7.25, with a high estimate of 23.00 and a low estimate of 4.50. The median estimate represents a +56.76% increase from the last price of 4.63.
How high will DKNG stock go?
There was no particular news that would have led to Penn National's drop, but sometimes you don't need news
What happened
Reuben Gregg Brewer believes dividends are a window into a company's soul. He tries to invest in good souls.
So what
Shares of Penn National Gaming ( NASDAQ:PENN), a major casino operator, fell 15% in April, according to data from S&P Global Market Intelligence. That continues a decline that started on March 15, which has seen the stock lose slightly more than a third of its value.
Now what
The interesting thing here is that there hasn't been much in the way of negative news about Penn National Gaming over this span. In fact, the most notable update was that it got approval to expand its online sports-betting business into Virginia -- clearly a positive.
Coronavirus concerns had investors closing out their bets
Long-term investors should probably tread with caution here. It's not that Penn National Gaming is a bad company; it's just that after such a massive price move, it really isn't a shock to see investors wanting to take some profits.
What happened
Joe honed his investing skills as an analyst for Stock Advisor, Supernova, and Fool One. He battle-tested his investment philosophy and strategies as portfolio manager of Tier 1, a market-crushing Motley Fool real-money portfolio that delivered 24.58% annualized returns during its existence.
So what
Shares of Penn National Gaming ( NASDAQ:PENN) declined by 9.4% on Wednesday, as rapidly rising COVID-19 case counts threw its casino reopening plan into question.
Now what
Penn's stock surged on Tuesday, after the casino company said it had reopened 30 of its 41 properties and planned to open the rest in the weeks ahead. However, with novel coronavirus infections increasing at an alarming rate in multiple U.S.
Signals & Forecast
Penn National Gaming's plans to launch a sports-betting mobile app in partnership with Barstool Sports in the third quarter could help to a least partially offset coronavirus-related traffic and revenue declines at its casinos.
Support, Risk & Stop-loss
The Penn National Gaming stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock.
Is Penn National Gaming stock A Buy?
Penn National Gaming finds support from accumulated volume at $76.09 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
What happened
Penn National Gaming holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
So what
Shares of Penn National Gaming (NASDAQ: PENN), a major casino operator, fell 15% in April, according to data from S&P Global Market Intelligence. That continues a decline that started on March 15, which has seen the stock lose slightly more than a third of its value.
Now what
The interesting thing here is that there hasn't been much in the way of negative news about Penn National Gaming over this span. In fact, the most notable update was that it got approval to expand its online sports-betting business into Virginia -- clearly a positive.
