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PENN Entertainment Inc. Stock Gains Wednesday, Outperforming Market

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Posted: Mar 8, 2023 5:16pm EST

Shares of PENN Entertainment Inc. rose 1.04% to $30.14 on Wednesday in what proved to be a broadly mixed session for the stock market, with the Nasdaq Composite up 0.40% to 11,576.00 and the Dow Jones Industrial Average DJIA down 0.18% to 32,798.40. The stock’s gains snapped a two-day losing streak. PENN Entertainment Inc. closed $15.27 below the company’s 52-week high of $45.41 reached on March 18.

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

Shares of PENN Entertainment Inc.

Payne

The Nasdaq Composite rose 1.04% to $30.14 on Wednesday, proving to be a broadly mixed session for the stock market

Compare

up 0.40% to 11,576.00 and the Dow Jones Industrial Average

Dow

It fell 0.18% to 32,798.40. The stock’s gains snapped a two-day losing streak. PENN Entertainment Inc. closed $15.27 below the company’s 52-week high of $45.41 reached on March 18.

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

LVS

Up 0.08 percent to $59.05, DraftKings Inc. Cl A

DKNG

up 1.14 percent to $19.58, MGM Resorts International

MGM

Up 0.80 percent to $45.18. Transaction volume (1.3 million) was still below its 50-day average of 2.2 million at 864,715.

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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