PENN Entertainment Inc (PENN): Street Finally Waking Up

Currently, there are 151.55M common shares owned by the public and among those 150.78M shares have been available to trade.

The company’s stock has a 5-day price change of 4.09% and 13.12% over the past three months. PENN shares are trading -23.79% year to date (YTD), with the 12-month market performance down to -18.29% lower. It has a 12-month low price of $13.50 and touched a high of $29.38 over the same period. PENN has an average intraday trading volume of 6.54 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 16.42%, 19.19%, and -3.40% respectively.

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Institutional ownership of PENN Entertainment Inc (NASDAQ: PENN) shares accounts for 98.53% of the company’s 151.55M shares outstanding.

It has a market capitalization of $3.02B and a beta (3y monthly) value of 2.11. The earnings-per-share (ttm) stands at -$7.46. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.88% over the week and 6.38% over the month.

Earnings per share for the fiscal year are expected to increase by 57.25%, and 156.81% over the next financial year.

Looking at the support for the PENN, a number of firms have released research notes about the stock. Craig Hallum stated their Buy rating for the stock in a research note on June 21, 2024, with the firm’s price target at $30. Raymond James coverage for the PENN Entertainment Inc (PENN) stock in a research note released on May 21, 2024 offered a Outperform rating with a price target of $20. BofA Securities was of a view on May 13, 2024 that the stock is Neutral, while Truist gave the stock Buy rating on April 23, 2024, issuing a price target of $23. The Benchmark Company on their part issued Hold rating on April 16, 2024.

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