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Monday, December 4, 2023

Deal Alert: Barbara Z. Kohn, Independent Lead Director of PENN Entertainment, has sold stock \


Some pennsylvania entertainment (NASDAQ: PENN) Shareholders may be a bit concerned after seeing that independent lead director Barbara Z. Kohn recently sold a substantial $810,000 worth of stock at $26.62 per share. This reduced their holdings by 50%, arguably implying a strong desire to reallocate capital.

Check out our latest analysis for PENN Entertainment

PENN Entertainment Insider Trading Over the Past 12 Months

In fact, the most recent sale of PENN Entertainment stock by Barbara Z. Kohn was the largest sale by an insider in the past 12 months, according to our records. So apparently an insider thinks a sale at the current price of around $24.84 is appropriate. While insider trading is bad for us, it is even more bad if the stock is sold at a lower price. We noticed that the sale was around current prices, so it’s not a major issue, although it’s not a good sign.

You can see last year’s insider transactions (by company and individual) in the table below. If you click on the chart, you can see all individual trades including share price, individual and date!

NasdaqGS: PENN Insider Volume June 17, 2023

if you’re anything like me then you’ll no want to miss this free A list of growth companies that insiders are buying.

insider ownership

Another way to test the alignment between a company’s leaders and other shareholders is to look at how many shares they own. I think it’s a good sign if insiders own a lot of company shares. PENN Entertainment insiders appear to own 0.8% of the company, worth about $31 million. We’ve certainly seen higher levels of insider ownership elsewhere, but these are enough to indicate alignment between insiders and other shareholders.

So what does PENN Entertainment’s insider trading show?

One insider has not bought PENN Entertainment stock in the past three months, but there has been some selling. In the past year, there have been no purchases that have given us any comfort. But it’s good to see that PENN Entertainment’s revenue is growing. Insiders own shares, but we remain very cautious given the sales history. We use caution before buying! So these insider trades can help us build our thesis about the stock, but it’s also worth understanding the risks this company faces.For example, we have determined 2 warning signs from PENN Entertainment (1 probably serious) You should know.

certainly PENN Entertainment Might Not Be the Best Stock. so you might want to see this free A collection of premium businesses.

For the purposes of this article, an insider is an individual who reports their transactions to the relevant regulator. We currently consider open market transactions and private dispositions, but not derivatives transactions.

Valuation is complicated, but we’re helping make it simple.

Find out if PENN Entertainment is potentially overvalued or undervalued by reviewing our comprehensive analysis which includes Fair value estimates, risks and caveats, dividends, insider trading and financial health.

View free analysis

This article by Simply Wall St is general in nature. We use only an unbiased methodology to provide reviews based on historical data and analyst forecasts, and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock and does not take into account your objectives or your financial situation. Our goal is to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not take into account the latest price-sensitive company announcements or qualitative material. Simply Wall St has no positions in any of the stocks mentioned.


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