Penn National Gaming Inc. stock underperforms Wednesday when compared to competitors – MarketWatch

Shares of Penn National Gaming Inc. PENN, +0.50% shed 3.32% to $45.67 Wednesday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index COMP, -1.78% rising 0.50% to 14,417.55 and the Dow Jones Industrial Average DJIA, -0.63% rising 0.63% to 35,629.33. The stock’s fall snapped a three-day winning streak. Penn National Gaming Inc. closed $96.33 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 Wednesday, as Boyd Gaming Corp. BYD, -0.12% fell 1.54% to $60.21, Caesars Entertainment Inc. CZR, +0.52% fell 4.08% to $77.50, and Churchill Downs Inc. CHDN, +0.12% fell 1.23% to $207.93. Trading volume (5.5 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.
We chat with David Donabedian, chief investment officer at CIBC Private Wealth U.S., who says single-digit gains for the S&P 500 may be the best we get this year.

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