Penn National Gaming ( (PENN) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Penn National Gaming’s stock movement is influenced by its recent Q4 earnings report, which showed a revenue of $1.64 billion and a reduced net loss of $36.7 million compared to the previous year. Analysts have mixed ratings, with some maintaining a Buy rating due to optimism about the company’s strategic partnership with Disney and strong retail operations. Others have expressed concerns over competitive pressures and weather impacts, leading to Hold ratings. The consensus remains a Moderate Buy, focusing on Penn’s digital expansion and strategic initiatives despite current challenges.
More about Penn National Gaming
YTD Price Performance: 5.98%
Average Trading Volume: 4,228,552
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $3.11B
For further insights into PENN stock on TipRanks’ Stock Analysis page.
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