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

What is Penn National Gaming Inc.?

Penn National Gaming, Inc. (PENN) is a diversified gaming and entertainment company that operates gaming and racing properties as well as video gaming terminal operations. Today, the stock experienced a strong bullish movement.

Why is Penn National Gaming Inc. going up?

PENN stock is up 5.6% on Mar 19, 2025 19:52

• PENN Entertainment has shown consistent outperformance over the past 5 years, with an average annual return of 18.45%, beating the market by 1.09% annually.
• The positive historical performance of the company may have attracted more investors, leading to increased buying pressure and driving the stock price higher.
• Investor optimism about PENN's future prospects, possibly due to successful business strategies or growth opportunities in the gaming and entertainment industry, could be driving the stock's rise.
• The market capitalization of $2.62 billion reflects investor confidence in the company's potential for continued growth and profitability, contributing to today's bullish movement in the stock price.

PENN Price Chart

PENN Technical Analysis

PENN News

$100 Invested In PENN Entertainment 5 Years Ago Would Be Worth This Much Today - PENN Entertainment ( NASDAQ:PENN )

PENN Entertainment PENN has outperformed the market over the past 5 years by 1.09% on an annualized basis producing an average annual return of 18.45%. Currently, PENN Entertainment has a market capitalization of $2.62 billion.

https://www.benzinga.com/insights/news/25/03/44343976/100-invested-in-penn-entertainment-5-years-ago-would-be-worth-this-much-today

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Penn National Gaming Inc. Price History

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.

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.

27.01.2025 - PENN Stock was down 6.6%

• PENN Entertainment fell short of Q4 earnings estimates, pointing to a weaker financial performance than anticipated.
• The company closed the quarter with a significant cash and liquidity position, potentially offering some stability despite the disappointing earnings.
• Investors' negative response to the missed estimates likely contributed to the bearish trend in PENN's stock price today.

19.02.2025 - PENN Stock was up 5.6%

• PENN Entertainment has shown consistent outperformance over the past 5 years, with an average annual return of 18.45%, beating the market by 1.09% annually.
• The positive historical performance of the company may have attracted more investors, leading to increased buying pressure and driving the stock price higher.
• Investor optimism about PENN's future prospects, possibly due to successful business strategies or growth opportunities in the gaming and entertainment industry, could be driving the stock's rise.
• The market capitalization of $2.62 billion reflects investor confidence in the company's potential for continued growth and profitability, contributing to today's bullish movement in the stock price.

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.

28.01.2025 - PENN Stock was up 5.1%

• Despite falling short of earnings and revenue expectations in the fourth quarter, PENN Entertainment observed a notable bullish trend.
• The market's favorable response may stem from the accelerated growth seen in the online casino division, reflecting investors' confidence in the company's future prospects.
• Investor attention appears to have been drawn towards PENN Entertainment's strategic plans and growth opportunities rather than fixating solely on quarterly financial performance.
• The market's upward trajectory could signify investor optimism regarding the company's potential to leverage emerging trends in the entertainment industry, specifically in online gaming.