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PENN Entertainment Inc. Stock Falls Wednesday, Underperforms Market

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Posted: May 3, 2023 5:17pm EST

Shares of PENN Entertainment Inc. fell 1.21% to $30.11 on Wednesday in what turned out to be a broadly sluggish session for stocks, with the Nasdaq Composite down 0.46% to 12,025.33 and the Dow Jones Industrial Average DJIA down 0.80% to 33,414.24.

It was the second day in a row that the stock fell.

Payne…

Shares of PENN Entertainment Inc.

Payne

The Nasdaq Composite fell 1.21% to $30.11 on Wednesday in what proved to be a broadly sluggish day for stocks

Compare

fell 0.46% to 12,025.33 and the Dow Jones Industrial Average

Dow

It fell 0.80% to 33,414.24.

It was the second day in a row that the stock fell.

PENN Entertainment Inc. closed $9.24 below the company’s 52-week high of $39.35 reached on Nov. 15.

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

LVS

Down 3.46 percent to $61.43, DraftKings Inc. Cl A

DKNG

down 0.50% to $21.92, MGM Resorts International

MGM

It fell 4.81% to $43.74.

Transaction volume (2 million) was still below its 50-day average of 2.1 million at 136,551.

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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