KIEV, UKRAINE – 2019/01/19: In this photo illustration, the Penn National Gaming Casino company … [+]
The shares of Penn National Gaming (NASDAQ: PENN) observed a deep contraction in Q4 2021 along with its peers, Draft Kings and Flutter Entertainment, due to concerns of high competitive rivalry, the Omicron variant disrupting the NFL league, and a pullback in macroeconomic activity. Per Q4 filings, the market share of Penn’s sports betting application Barstool in Pennsylvania and Michigan was 8.9% and 9.5%, respectively. Notably, Pennsylvania and New Jersey account for 35% of the total sports betting handle since 2018. Is PENN stock likely to gain more in the coming weeks and months or is a decline more likely? Per the Trefis machine learning engine which analyzes historical stock price movements, PENN stock has a 59% chance of a rise over the next month (21 trading days). See our analysis Penn National Gaming Stock Chance of Rise for more details. (related: Las Vegas Sands Stock: Ride The Momentum Or Pull Out?)
PENN Stock Chance of Rise
Five Days: PENN 1.8%, vs. S&P 500 -0.4%; Outperformed market (35% event probability)
Ten Days: PENN 11%, vs. S&P 500 3.8%; Outperformed market (10% event probability)
Twenty-One Days: PENN 1.8%, vs. S&P 500 -3.3%; Outperformed market (48% event probability)
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PENN Stock Return
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