Penn National Gaming Inc. stock outperforms competitors on strong trading day – MarketWatch

0
600

Shares of Penn National Gaming Inc. PENN, +0.28% rose 4.41% to $49.92 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index COMP, -0.11% rising 2.53% to 14,139.76 and the Dow Jones Industrial Average DJIA, -0.16% rising 1.22% to 34,988.84. The stock’s rise snapped a three-day losing streak. Penn National Gaming Inc. closed $92.08 below its 52-week high ($142.00), which the company achieved on March 15th.
The stock outperformed some of its competitors Tuesday, as Boyd Gaming Corp. BYD, +1.82% rose 2.28% to $69.90, Caesars Entertainment Inc. CZR, +1.47% rose 3.63% to $84.18, and Churchill Downs Inc. CHDN, +0.07% rose 2.88% to $226.95. Trading volume (3.8 M) remained 945,650 below its 50-day average volume of 4.7 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.
For those who track financial markets on a daily basis, the story of red-hot inflation driving rotation between assets may seem like an old story. But it's still in the early stages, according to David Groman, a strategist at Citi.

Supported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy.

source