Penn National Gaming Inc. ($PENN) Stock Forecast: Up 5.6% Today

What is Penn National Gaming Inc.?

A leading gaming and entertainment company, PENN, showed strong bullish movement in the stock market today.

Why is Penn National Gaming Inc. going up?

PENN stock is up 5.6% on Jan 14, 2025 20:45

• A strategic partnership with Monumental Sports & Entertainment to launch ESPN BET in Washington D.C. is fueling investor optimism.
• PENN's expansion initiative demonstrates its dedication to increasing its presence in the gaming industry.
• Collaboration with MSE has the potential to create new revenue opportunities and improve PENN's competitiveness, contributing to the stock's positive movement.

PENN Price Chart

PENN Technical Analysis

PENN News

PENN Entertainment & MSE Team Up, ESPN BET to Enter Washington D.C.

PENN is set to benefit from the partnership with Monumental Sports & Entertainment, especially underscoring the footprint expansion initiative.

https://www.zacks.com/stock/news/2396634/penn-entertainment-mse-team-up-espn-bet-to-enter-washington-dc

Trending Today

Movement ($MOVE) Crypto Forecast: Down 5.0% Today

XRP ($XRP) Crypto Forecast: Up 10.7% Today

Ondo ($ONDO) Crypto Forecast: Down 5.1% Today

Chainlink ($LINK) Crypto Forecast: Up 6.7% Today

Memecoin ($MEME) Crypto Forecast: Up 5.1% Today

Horizen ($ZEN) Crypto Forecast: Up 16.2% Today

Dogecoin ($DOGE) Crypto Forecast: Up 5.8% Today

Litecoin ($LTC) Crypto Forecast: Up 5.1% Today

Peanut Squirrel ($PNUT) Crypto Forecast: Up 6.2% Today

Sonic (prev. FTM) ($S) Crypto Forecast: Up 5.1% Today

Penn National Gaming Inc. Price History

25.08.2024 - PENN Stock was down 5.1%

• Unusual options activity showing a bearish stance on PENN Entertainment might indicate a lack of confidence or potential downside expectations from investors with significant capital.
• The bearish movement could be attributed to concerns about the company's financial performance, competitive pressures, or broader market sentiment impacting the gaming industry.
• It's essential for investors to monitor how these options positions evolve to gauge the potential future direction of PENN's stock price.

06.10.2024 - PENN Stock was up 5.6%

• Despite concerns about DoubleDown Interactive's future strength, PENN stock showed resilience and gained significantly.
• Analyst estimates for PENN Entertainment's Q3 earnings were mixed, but investors seemed optimistic about the company's performance.
• Even though there were expectations of a decline in earnings, PENN's stock price surged, indicating potential market confidence in the company's long-term prospects.
• The bullish movement in PENN's stock today could be attributed to investors focusing on the company's strategic growth initiatives and potential positive developments in the gaming industry.

31.09.2024 - PENN Stock was down 5.0%

• The bearish movement in PENN's stock today is linked to market expectations of a decline in Q3 earnings.
• Investors could be responding to subdued expectations for a positive earnings outcome, prompting a sell-off of the stock.
• Concerns about PENN's upcoming earnings report may be influencing today's bearish market trend.

08.09.2024 - PENN Stock was up 2.0%

• PENN shares experienced a surge following the company's unveiling of new retail operations guidance at an investor event in Las Vegas, demonstrating a strong business approach and significant advancements.
• The optimistic market trend reflects investor trust in PENN's potential for future expansion and operational effectiveness.
• The announcement is believed to have bolstered shareholder confidence and enticed new investors, driving the bullish movement in PENN's stock price today.

14.00.2025 - PENN Stock was up 5.6%

• A strategic partnership with Monumental Sports & Entertainment to launch ESPN BET in Washington D.C. is fueling investor optimism.
• PENN's expansion initiative demonstrates its dedication to increasing its presence in the gaming industry.
• Collaboration with MSE has the potential to create new revenue opportunities and improve PENN's competitiveness, contributing to the stock's positive movement.

10.11.2024 - PENN Stock was down 6.9%

• A decline in PENN's short percent of float suggests potential investor hesitance regarding the company's future performance.
• The significant percentage of shares sold short might be influencing the downward trend in PENN's stock price.
• Investor apprehension about the company's recent performance or future prospects could be driving today's bearish market activity.

13.08.2024 - PENN Stock was up 9.8%

• Smart money is showing a bullish stance on PENN Entertainment by betting big on options, indicating confidence in the company's future prospects.
• The $4M bet on the stock and insider trades suggest that executives and insiders are optimistic about PENN's performance, further boosting investor sentiment.
• The combination of institutional investors and insider buying activity could have fueled positive market sentiment, leading to the strong bullish movement in PENN's stock today.

13.08.2024 - PENN Stock was up 7.5%

• The bullish movement in PENN's stock price could be attributed to significant insider trades, indicating confidence in the company's future prospects and potentially attracting more investors.
• The decrease in PENN's short percent of float by 8.03% suggests a reduction in bearish sentiment towards the stock, possibly leading to a short squeeze scenario where short sellers rush to cover their positions, driving the stock price higher.
• The combination of insider buying and a decrease in short interest could have created a positive momentum for PENN Entertainment, driving the stock price up in today's trading session.

08.00.2025 - PENN Stock was down 5.1%

• The bearish movement in PENN could be attributed to profit-taking by investors after a period of strong gains.
• Recommendations to buy Lazard and the downgrade of Uber by JMP Securities may have shifted investor focus away from PENN, impacting its stock price negatively.
• Market sentiment towards tech stocks like Uber may have overshadowed interest in gaming companies like PENN, leading to the bearish movement in the stock.
• Overall, the combination of profit-taking, shifting investor preferences, and specific stock recommendations may have contributed to PENN's bearish performance today.

12.10.2024 - PENN Stock was up 5.4%

• PENN stock experienced a strong bullish movement recently.
• Despite missing third-quarter revenue and earnings estimates, analysts are optimistic about the company's future performance, particularly in the ESPN Bet and Interactive segment.
• The narrower-than-expected Q3 loss, driven by a strong performance in the Interactive segment, has positively influenced investor sentiment.
• The market seems to be focusing more on the company's growth potential and strategic initiatives rather than short-term financial metrics, leading to the recent bullish movement in PENN stock.

07.10.2024 - PENN Stock was up 5.1%

• Despite a Q3 earnings miss with an adjusted loss of 25 cents per share, PENN stock experienced a strong bullish movement.
• Investors seem to be looking beyond the earnings miss to focus on other positive aspects of the company's performance, such as revenue growth or strategic initiatives.
• The market's optimism regarding PENN's future prospects appears to be driving the bullish movement despite the earnings disappointment.
• Overall sentiment towards the gaming industry or specific internal developments within the company may also be influencing the bullish trend in PENN stock.

19.11.2024 - PENN Stock was down 6.1%

• The bearish movement in PENN stock could be due to profit-taking by investors after a recent bullish run.
• The market may be reacting to concerns about the potential competition in the digital gaming space in Pennsylvania.
• Investors might be adjusting their positions based on the uncertainty surrounding the success of the new Hollywood Casino app.
• It's possible that the market is pricing in the costs associated with the launch of the new app, impacting PENN's short-term profitability.