Penn National Gaming (PENN) : Traders are bullish on Penn National Gaming (PENN) as it has outperformed the S&P 500 by a wide margin of 3.8% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 7.97%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 7.9% in the last 1 week, and is up 7.29% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 7.66% and the 50-Day Moving Average is 4.06%. Penn National Gaming Inc. has dropped 6.88% during the last 3-month period . Year-to-Date the stock performance stands at -6.24%.
Penn National Gaming (NASDAQ:PENN): On Fridays trading session , Opening price of the stock was $15.06 with an intraday high of $15.17. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $14.97. However, the stock managed to close at $15.02, a loss of 0.33% for the day. On the previous day, the stock had closed at $15.07. The total traded volume of the day was 2,152,242 shares.
Also, Macquarie upgrades their rating on the shares of Penn National Gaming (NASDAQ:PENN). The current rating of the shares is Outperform. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on June 30, 2016.
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.