Large Inflow of Money Witnessed in Penn National Gaming

Penn National Gaming (PENN) : On Thursday, The money flowed into the Penn National Gaming (PENN) stock with an uptick to downtick ratio was recorded at 8.32. Transactions worth $11.05 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $1.33 million. The total money flow into the stock was $9.72 million. The block trades reveal a bullish bias with an up-down ratio of 34.57. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $10.07 million of block transactions on upticks. The value of block trades on downticks was $0.29 million, indicating lower selling interest. The total money flow in block trades was $9.78 million. In terms of price action, Penn National Gaming (PENN) traded down $0.11 during the session at $13.72. Compared to the previous days closing, the stock was down only by -0.8%. For the week, the stock is -2%, over previous weeks closing.


Penn National Gaming (PENN) : 7 investment research analysts covering Penn National Gaming (PENN) have an average price target of $21.14 for the near short term. The highest target price given by the Brokerage Firm to the stock is $25 and the lowest target is $16 for the short term. Analysts expect the variance to be within $3.02 of the average price. The stock has recorded a 20-day Moving Average of 4.32% and the 50-Day Moving Average is 9.12%.

Penn National Gaming (NASDAQ:PENN): The stock opened at $13.82 on Thursday but the bulls could not build on the opening and the stock topped out at $13.90 for the day. The stock traded down to $13.56 during the day, due to lack of any buying support eventually closed down at $13.72 with a loss of -0.80% for the day. The stock had closed at $13.83 on the previous day. The total traded volume was 1,527,340 shares.

Penn National Gaming, Inc. is an owner and manager of gaming and pari-mutuel properties. The Companys segments include the East/Midwest segment, the West segment and the Southern Plains segment. The East/Midwest segment properties include Hollywood Casino at Charles Town Races, Hollywood Casino at Penn National Race Course, Hollywood Casino Lawrenceburg, Hollywood Casino Toledo, Hollywood Casino Columbus, Hollywood Gaming at Dayton Raceway, Hollywood Gaming at Mahoning Valley Race Course, Hollywood Casino Bangor and Casino Rama. The West segment properties include Zia Park Casino and the M Resort. The Southern Plains segment properties include Hollywood Casino Aurora, Hollywood Casino Joliet, Argosy Casino Alton, Hollywood Casino Gulf Coast, Argosy Casino Riverside, Hollywood Casino Tunica, Boomtown Biloxi, Hollywood Casino at Kansas Speedway and Hollywood Casino St. Louis. Tropicana Las Vegas Hotel and Casino, Inc. is a subsidiary of the Company.

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