3 Years Ago
1 Min Read

PENN is making big moves today. Find out why the stock is trading 5% higher:



Shares of Penn Natl Gaming Inc (PENN) are trading 5% higher at a price of $38.46 at the time of this writing.

  • PENN reported earnings of $0.48M, down from the same period last year
  • Reaffirmed revenue guidance
  • Announced that they have changed their name to Penn Entertainment Inc. 
  • Massachusetts prepares to legalize sports betting in 2020

Penn Natl Gaming Inc has been trading between a 52-week high of $86.4 and a 52-week low of $26.46. The stock has a market cap of $6.42 Billion.

With the nation's largest and most diversified regional gaming footprint, including 41 properties across 19 states, Penn National continues to evolve into a highly innovative omni-channel provider of retail and online gaming, live racing and sports betting entertainment. The Company's properties feature approximately 50,000 gaming machines, 1,300 table games and 8,800 hotel rooms, and operate under various well-known brands, including Hollywood, Ameristar, and L'Auberge. Its wholly-owned interactive division, Penn Interactive, operates retail sports betting across the Company's portfolio, as well online social casino, bingo, and iCasino products.

Headlines


Penn National Gaming Inc Reveals Retreat In Q2 Income
Nasdaq 08-04-22

Penn National Gaming backs revenue guidance, changes name to Penn Entertainment
Seeking Alpha 08-04-22

Penn National Gaming August weekly option implied volatility at 135 into quarter results
Investing.com 08-03-22

Penn National Q2 2022 Earnings Preview
Seeking Alpha 08-03-22

Penn National Gaming: A Touchdown In Massachusetts Ahead Of Q2 Earnings
Seeking Alpha 08-02-22


As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

julet0790 - 3 upvotes - source
Called Penn and DKNG… still climbing… big couple weeks ahead..!

julet0790 - 2 upvotes - source
$penn and $dkng up 20% over past week. Earnings come out tomorrow and Friday. Both are heavily discounted from crash a few months ago. Great bargain..!

HitsDifferentBrand - 1 upvotes - source
Penn National Gaming.

HitsDifferentBrand - 1 upvotes - source
$PENN 40 EOW

HitsDifferentBrand - 1 upvotes - source
Someone talk me in or out of PENN calls overnight into earnings. Up 98% on them rn

HitsDifferentBrand - 1 upvotes - source
Get in on Penn NOW

HitsDifferentBrand - 1 upvotes - source
Penn calls

julet0790 - 1 upvotes - source
Penn and dkng. Already up HUGE on calls… more to come with earnings…!

workphlo - 1 upvotes - source
PENN is the move

PnLsHouse - 1 upvotes - source
Yup. Penn too