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PENN Entertainment Inc. shares fall on Friday, underperforming

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Posted: Jun 16, 2023 5:34pm EST

Shares of PENN Entertainment Inc. fell 3.87% to $24.84 on Friday in what proved to be a broadly sluggish session for stocks, with the Nasdaq Composite down 0.68% to 13,689.57 and the Dow Jones Industrial Average DJIA down 0.32% to 34,299.12 .

It was the fourth straight day of losses for the stock.

Pennsylvania Entertainment…

Shares of PENN Entertainment Inc.

Payne

The Nasdaq Composite fell 3.87% to $24.84 on Friday in what proved to be a broadly sluggish day for stocks

Compare

fell 0.68% to 13,689.57 and the Dow Jones Industrial Average

Dow

It fell 0.32% to 34,299.12.

It was the fourth straight day of losses for the stock.

PENN Entertainment Inc. closed $14.51 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 0.36 percent to $58.45, DraftKings Inc. Cl A

DKNG

down 1.29 percent to $24.51, MGM Resorts International

MGM

It fell 2.47% to $42.64.

Transaction volume (4.8 million) exceeded its 50-day average transaction volume 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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