PENN Entertainment Inc. stock underperforms Wednesday when compared to competitors

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.

Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.

Source link

Previous post This is how the Fed’s latest interest-rate hike will affect you
Next post COVID-19 tests in 2020 compromised due to FDA’s authorization process