Pinnacle Entertainment (PNK) has been under a strong bear grip, hence the stock is down -8.58% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.49% in the past 1 week. The stock has risen by 1.11% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.41% in the past 4 weeks.
Pinnacle Entertainment (NYSE:PNK): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.81 and $10.79 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.99. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.94, notching a gain of 1.11% for the day. The total traded volume was 811,648 . The stock had closed at $10.82 on the previous day.
The stock has recorded a 20-day Moving Average of 0.63% and the 50-Day Moving Average is 0.67%. Pinnacle Entertainment, Inc is up 1.3% in the last 3-month period. Year-to-Date the stock performance stands at 4.19%.
Pinnacle Entertainment, Inc. (Pinnacle) is an owner, operator and developer of casinos and related hospitality and entertainment facilities. The key properties in the Companys Midwest segment include Ameristar Council Bluffs, Ameristar East Chicago, Ameristar Kansas City, Ameristar St. Charles, Belterra, River City and Belterra Park. The key properties in the Companys South segment include Ameristar Vicksburg, Boomtown Bossier City, Boomtown New Orleans, LAuberge Baton Rouge and LAuberge Lake Charles. The key properties in the Companys West segment include Ameristar Black Hawk and Cactus Petes and Horseshu. The Company owns and operates around 15 gaming entertainment properties in Colorado, Indiana, Iowa, Louisiana, Mississippi, Missouri, Nevada, and Ohio. It also holds a majority interest in the racing license owner, as well as a management contract, for Retama Park Racetrack located outside of San Antonio, Texas.