These Numbers Could Change Investor Views For PENN Entertainment Inc (NASDAQ: PENN)

Currently, there are 152.90M common shares owned by the public and among those 150.36M shares have been available to trade.

Insiders at the company have transacted a total of 33 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 16 of these insider trades were purchases, accounting for 354,169 shares. Insider sales of the common stock occurred on 17 occasions, with total insider shares sold totaling 258,171 shares.

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However, the script later moved the day high at 22.33, up 3.47%. The company’s stock has a 5-day price change of -3.37% and -2.86% over the past three months. PENN shares are trading -15.18% year to date (YTD), with the 12-month market performance down to -35.77% lower. It has a 12-month low price of $18.35 and touched a high of $34.56 over the same period. PENN has an average intraday trading volume of 5.32 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -4.89%, -9.56%, and -9.02% respectively.

Institutional ownership of PENN Entertainment Inc (NASDAQ: PENN) shares accounts for 86.32% of the company’s 152.90M shares outstanding.

It has a market capitalization of $3.35B and a beta (3y monthly) value of 2.13. The earnings-per-share (ttm) stands at -$1.17. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.23% over the week and 4.02% over the month.

Earnings per share for the fiscal year are expected to decrease by -213.47%, and 123.40% over the next financial year. EPS should grow at an annualized rate of 9.09% over the next five years, compared to -24.33% over the past 5-year period.

Looking at the support for the PENN, a number of firms have released research notes about the stock. BofA Securities stated their Buy rating for the stock in a research note on November 20, 2023, with the firm’s price target at $27-$30.

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