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Are we looking at the next big move in PENN Entertainment Inc (PENN)?

PENN Entertainment Inc (NASDAQ: PENN) is -22.98% lower on its value in year-to-date trading and has touched a low of $13.50 and a high of $29.38 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PENN stock was last observed hovering at around $20.07 in the last trading session, with the day’s loss setting it -0.03%.

Currently trading at $20.04, the stock is 7.30% and 16.87% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.21 million and changing -0.15% at the moment leaves the stock -1.47% off its SMA200. PENN registered -18.96% loss for a year compared to 6-month loss of -18.37%.

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The stock witnessed a 15.97% gain in the last 1 month and extending the period to 3 months gives it a 14.58%, and is 6.71% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.14% over the week and 5.24% over the month.

PENN Entertainment Inc (PENN) has around 23333 employees, a market worth around $3.06B and $6.30B in sales. Fwd P/E is 26.91. Profit margin for the company is -17.78%. Distance from 52-week low is 48.44% and -31.79% from its 52-week high. The company has generated returns on investments over the last 12 months (-7.94%).

The EPS is expected to grow by 55.31% this year.

PENN Entertainment Inc (PENN) Top Institutional Holders

The shares outstanding are 151.55M, and float is at 150.78M with Short Float at 16.64%.

PENN Entertainment Inc (PENN) Insider Activity

The most recent transaction is an insider purchase by HANDLER DAVID A,the company’sDirector. SEC filings show that HANDLER DAVID A bought 40,000 shares of the company’s common stock on May 29 ’24 at a price of $14.94 per share for a total of $0.6 million. Following the purchase, the insider now owns 0.28 million shares.

PENN Entertainment Inc disclosed in a document filed with the SEC on May 07 ’24 that HANDLER DAVID A (Director) bought a total of 20,000 shares of the company’s common stock. The trade occurred on May 07 ’24 and was made at $15.84 per share for $0.32 million. Following the transaction, the insider now directly holds 20000.0 shares of the PENN stock.

Still, SEC filings show that on May 06 ’24, HANDLER DAVID A (Director) acquired 20,000 shares at an average price of $15.37 for $0.31 million. The insider now directly holds 243,450 shares of PENN Entertainment Inc (PENN).

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