Shares of Penn National Gaming Inc. PENN inched 0.28% higher to $50.06 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the NASDAQ Composite Index COMP falling 0.11% to 14,124.09 and Dow Jones Industrial Average DJIA falling 0.16% to 34,934.27. This was the stock’s second consecutive day of gains. Penn National Gaming Inc. closed $91.94 short of its 52-week high ($142.00), which the company reached on March 15th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Boyd Gaming Corp. BYD rose 1.82% to $71.17, Caesars Entertainment Inc. CZR rose 1.47% to $85.42, and Churchill Downs Inc. CHDN rose 0.07% to $227.11. Trading volume (3.4 M) remained 1.3 million 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.
Geopolitical tension surrounding Ukraine has opened up an opportunity for investors to put cash to work in the stock market, according to Andrew Slimmon, senior portfolio manager for equities at Morgan Stanley Investment Management.
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