Shares of PENN Entertainment Inc.
slipped 4.74% to $29.14 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the NASDAQ Composite Index
falling 1.79% to 11,220.19 and Dow Jones Industrial Average
falling 1.70% to 30,183.78. This was the stock’s second consecutive day of losses. PENN Entertainment Inc. closed $52.52 below its 52-week high ($81.66), which the company achieved on October 19th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Boyd Gaming Corp.
fell 2.43% to $50.95, Caesars Entertainment Inc.
fell 8.04% to $41.54, and Churchill Downs Inc.
fell 3.64% to $193.15. Trading volume (3.2 M) remained 381,993 below its 50-day average volume of 3.6 M.