Penn National Gaming Inc. stock rises Monday, still underperforms market – MarketWatch

0
776

Shares of Penn National Gaming Inc. PENN rose 3.19% to $45.61 Monday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index COMP rising 3.41% to 14,239.88 and the Dow Jones Industrial Average DJIA rising 1.17% to 35,131.86. This was the stock’s second consecutive day of gains. Penn National Gaming Inc. closed $96.39 below its 52-week high ($142.00), which the company achieved on March 15th.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Boyd Gaming Corp. BYD rose 0.99% to $59.46, Caesars Entertainment Inc. CZR rose 4.34% to $76.14, and Churchill Downs Inc. CHDN rose 4.27% to $210.30. Trading volume (4.8 M) eclipsed its 50-day average volume of 4.4 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.
Is it time to wade in? Yes, if you're confident one thing won't happen, say strategists at Goldman Sachs.

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