In a filing, PENN Entertainment Inc revealed its EVP and Chief Strategy Officer Rogers Christopher Byron unloaded Company’s shares for reported $0.13 million on Jan 03 ’24. In the deal valued at $25.23 per share,5,017 shares were sold. As a result of this transaction, Rogers Christopher Byron now holds 30,214 shares worth roughly $0.52 million.
Then, Snowden Jay A sold 172,930 shares, generating $4,366,482 in total proceeds. Upon selling the shares at $25.25, the President and CEO now owns 689,072 shares.
Before that, SCACCETTI JANE bought 4,400 shares. PENN Entertainment Inc shares valued at $100,452 were divested by the Director at a price of $22.83 per share. As a result of the transaction, SCACCETTI JANE now holds 63,414 shares, worth roughly $1.1 million.
Mizuho initiated its PENN Entertainment Inc [PENN] rating to a Buy in a research note published on March 26, 2024; the price target was $29. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in mid November from “a Neutral” to “a Buy”. CapitalOne began covering PENN with “an Equal weight” recommendation on October 12, 2023. Truist revised its rating on August 10, 2023. It rated PENN as “a Hold” which previously was an “a Buy”.
Price Performance Review of PENN
On Friday, PENN Entertainment Inc [NASDAQ:PENN] saw its stock fall -0.63% to $17.36. Over the last five days, the stock has lost -4.67%. PENN Entertainment Inc shares have fallen nearly -33.28% since the year began. Nevertheless, the stocks have fallen -40.51% over the past one year. While a 52-week high of $31.63 was reached on 01/02/24, a 52-week low of $16.46 was recorded on 02/23/24. SMA at 50 days reached $19.30, while 200 days put it at $22.62. A total of 3.38 million shares were traded, compared to the trading of 4.44 million shares in the previous session.
Levels Of Support And Resistance For PENN Stock
The 24-hour chart illustrates a support level at 17.20, which if violated will result in even more drops to 17.03. On the upside, there is a resistance level at 17.54. A further resistance level may holdings at 17.71. The Relative Strength Index (RSI) on the 14-day chart is 41.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.98%. Stochastics %K at 34.98% indicates the stock is a holding.
How much short interest is there in PENN Entertainment Inc?
A steep rise in short interest was recorded in PENN Entertainment Inc stocks on Mar 15, 2024, growing by 4.94 million shares to a total of 26.03 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 21.09 million shares. There was a rise of 18.98%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 20.08% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.92.
