PENN Entertainment rises as it crosses above key SMA
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 13 2024
0mins
Should l Buy PENN?
Source: NASDAQ.COM
PENN Entertainment Inc. saw a significant price increase of 7.37% as it crossed above its 5-day SMA, indicating bullish momentum in the stock.
The rise in PENN's stock price can be attributed to broad market strength, with the Nasdaq-100 up 0.97% and the S&P 500 up 0.59%. This positive market environment has likely contributed to investor confidence in PENN, leading to increased buying activity.
As PENN continues to perform well in a strong market, investors may look for further upward movement, especially if the broader market maintains its positive trend.
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Analyst Views on PENN
Wall Street analysts forecast PENN stock price to rise
15 Analyst Rating
9 Buy
5 Hold
1 Sell
Moderate Buy
Current: 13.330
Low
14.15
Averages
19.38
High
26.00
Current: 13.330
Low
14.15
Averages
19.38
High
26.00
About PENN
PENN Entertainment, Inc. is a provider of integrated entertainment, sports content, and casino gaming experiences. The Company operates in 28 jurisdictions throughout North America, with a broadly diversified portfolio of casinos, racetracks, and online sports betting and iCasino offerings under brands including Hollywood Casino, L’Auberge, ESPN BET, and theScore BET Sportsbook and Casino. Its segments include Northeast, South, West, Midwest, and Interactive. The Northeast segment includes Ameristar East Chicago, Hollywood Casino at Greektown, and Hollywood Casino Bangor. The South segment includes 1st Jackpot Casino, Ameristar Vicksburg, Boomtown New Orleans, and L’Auberge Baton Rouge. The West segment includes Ameristar Black Hawk, M Resort Spa Casino, and Zia Park Casino. The Midwest segment includes Ameristar Council Bluffs, Hollywood Casino Aurora, and River City Casino. Its Interactive segment includes online sports betting, online casino/iCasino, and social gaming operations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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