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PENN Entertainment Inc. shares rise Friday, but still underperform the market

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Posted: Mar 3, 2023 5:16pm EST

Shares of PENN Entertainment Inc. rose 1.30% to $31.16 on Friday in what proved to be a broad session for stocks, with the Nasdaq Composite up 1.97% to 11,689.01 and the Dow Jones Industrial Average DJIA up 1.17%. to 33,390.97. It was the fifth straight day of gains for the stock. PENN Entertainment Inc. closed $17.36 below the company’s 52-week high of $48.52 reached on March 4.

The stock has had a mixed performance compared to some of its rivals…

Shares of PENN Entertainment Inc.

Payne

The Nasdaq Composite rose 1.30% to $31.16 on Friday, proving to be a broad day for stocks

Compare

up 1.97% to 11,689.01 and the Dow Jones Industrial Average

Dow

It rose 1.17 percent to 33,390.97. It was the fifth straight day of gains for the stock. PENN Entertainment Inc. closed $17.36 below the company’s 52-week high of $48.52 reached on March 4.

The stock’s performance was mixed on Friday compared with some of its rivals, such as Las Vegas Sands.

LVS

Up 1.05 percent to $60.80, DraftKings Inc. Cl A

DKNG

up 2.48 percent to $19.04, MGM Resorts International

MGM

Up 1.41 percent to $45.91. Transaction volume (1.8 million) was still below its 50-day average of 2.2 million at 424,490.

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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