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PENN Entertainment Inc. shares fall on Friday, underperforming

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Posted: May 19, 2023 5:16pm EST

Shares of PENN Entertainment Inc. fell 1.96% to $24.53 on Friday in what proved to be a broadly sluggish session for stocks, with the Nasdaq Composite down 0.24% to 12,657.90 and the Dow Jones Industrial Average DJIA down 0.33% to 33,426.63 .

The stock’s decline snapped a two-day winning streak.

Pennsylvania Entertainment…

Shares of PENN Entertainment Inc.

Payne

The Nasdaq Composite fell 1.96% to $24.53 on Friday in what proved to be a broadly sluggish day for stocks

Compare

down 0.24% to 12,657.90 and the Dow Jones Industrial Average

Dow

It fell 0.33% to 33,426.63.

The stock’s decline snapped a two-day winning streak.

PENN Entertainment Inc. closed $14.82 below the company’s Nov. 15 52-week high of $39.35.

The stock underperformed on Friday compared with some rivals such as Las Vegas Sands.

LVS

Down 0.25 percent to $60.49, DraftKings Inc. Cl A

DKNG

up 0.54% to $24.11, MGM Resorts International

MGM

It fell 1.07 percent to $42.48.

Transaction volume (4.3 million) exceeded its 50-day average of 2.6 million.

Editor’s note: This story was automatically generated Automation Insightsan automated technology provider, uses data from Dow Jones and FactSet. Please see our Market Data Terms of Use.

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