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Penn National Gaming Inc. stock falls Friday, still outperforms market – MarketWatch

Shares of Penn National Gaming Inc. PENN slid 1.32% to $36.55 Friday, on what proved to be an all-around poor trading session for the stock market, with the NASDAQ Composite Index COMP falling 2.55% to 12,839.29 and Dow Jones Industrial Average DJIA falling 2.82% to 33,811.40. This was the stock’s third consecutive day of losses. Penn National Gaming Inc. closed $59.69 short of its 52-week high ($96.24), which the company reached on April 27th.
Despite its losses, the stock outperformed some of its competitors Friday, as Boyd Gaming Corp. BYD fell 2.01% to $62.80, Caesars Entertainment Inc. CZR fell 2.22% to $66.60, and Churchill Downs Inc. CHDN fell 1.93% to $203.31.true Trading volume (3.2 M) remained 714,860 below its 50-day average volume of 4.0 M.
Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.
Jay Powell talked, the market listened, and the S&P 500 fell almost 3% on expectations that a hard economic landing is in store.

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