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Dec 22, 2023 · While it may be an aspirational dream for PENN Entertainment to ever revisit its 2021 QE-fueled highs, a more practical target is neckline resistance at 35/share, offering current...
Nov 10, 2021 · Free Article. Why Penn National Stock Has Lost Its Luster. By Travis Hoium – Nov 10, 2021 at 10:14AM. Key Points. The online gambling business that was supposed to drive growth has been slow...
- Travis Hoium
- The Rise and Fall of Penn Stock
- From Overvalued to Fairly Valued
- Wait For Another Pullback in Penn Stock
First off, let’s look at the one factor that sent PENN stock “to the moon” from mid-2020 to early 2021: the hype surrounding Barstool Sportsbook. If you can recall, this stock was hammered when the pandemic first took hold in March 2020. Shares went from the high $30s to prices well under $5 per share. But after that cratering, PENN stock began an ...
Following its extended pullback, PENN stock now trades at a more reasonable valuation. Using the enterprise value to EBITDA (EV/EBITDA) metric, it currently trades at a forward EV/EBITDA ratio of 10.63 times. That is, expected EBITDA over the next twelve months. This is on par with similar regional names like Boyd Gaming (NYSE:BYD), which trades at...
The hype surrounding Penn National shares has considerably evaporated. Of course, the good news from this is that shares trade at a more reasonable valuation. This may point to the stock holding steady in the months ahead. Yet, it’s not a lock that shares won’t take another dive. Subsequent results from iGaming could disappoint. And if the Delta va...
Jan 19, 2022 · Following a rough 2021 in which it badly trailed the S&P 500 and ranked as one of the worst-performing equities, Penn entered 2022 with some support in the investment community. But it’s also...
Jul 23, 2021 · The risk of reinstating mandates is high. In fact, I thought they would have done it already. PENN stock fell to November levels on Monday. But it quickly rallied 15% from that low.
- Nicolas Chahine
Nov 11, 2023 · The upside investors saw in Penn Entertainment a few years ago seems to have faded, but does that leave investors with an opportunity to buy the company at a discount? From boom to bust
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Mar 22, 2021 · Penn National Gaming (NASDAQ: PENN) has been on a tear. The stock is up over 1,300% in the last year, and over 31% year-to-date. But with it down 6% in the past month, will its long-term run...
