KD Logo

Potential Price Increase for PENN Entertainment Inc (PENN) After Recent Insider Activity

PENN Entertainment Inc’s recent filing unveils that its Director HANDLER DAVID A acquired Company’s shares for reported $0.6 million on May 29 ’24. In the deal valued at $14.94 per share,40,000 shares were bought. As a result of this transaction, HANDLER DAVID A now holds 283,450 shares worth roughly $4.86 million.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Then, HANDLER DAVID A bought 20,000 shares, generating $316,850 in total proceeds. Upon buying the shares at $15.84, the Director now owns 20,000 shares.

Before that, HANDLER DAVID A bought 20,000 shares. PENN Entertainment Inc shares valued at $307,386 were divested by the Director at a price of $15.37 per share. As a result of the transaction, HANDLER DAVID A now holds 243,450 shares, worth roughly $4.18 million.

Raymond James initiated its PENN Entertainment Inc [PENN] rating to an Outperform in a research note published on May 21, 2024; the price target was $20. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in mid May from “a Buy” to “a Neutral”. Truist also remained covering PENN and has increased its forecast on April 23, 2024 with a “Buy” recommendation from previously “Hold” rating. The Benchmark Company started covering the stock on April 16, 2024. It rated PENN as “a Hold”.

Price Performance Review of PENN

On Friday, PENN Entertainment Inc [NASDAQ:PENN] saw its stock fall -0.69% to $17.16. Over the last five days, the stock has lost -1.94%. PENN Entertainment Inc shares have fallen nearly -34.05% since the year began. Nevertheless, the stocks have fallen -35.39% over the past one year. While a 52-week high of $29.38 was reached on 01/02/24, a 52-week low of $13.50 was recorded on 05/02/24. SMA at 50 days reached $16.56, while 200 days put it at $20.74. A total of 4.59 million shares were traded, compared to the trading of 6.93 million shares in the previous session.

Levels Of Support And Resistance For PENN Stock

The 24-hour chart illustrates a support level at 16.81, which if violated will result in even more drops to 16.46. On the upside, there is a resistance level at 17.46. A further resistance level may holdings at 17.77. The Relative Strength Index (RSI) on the 14-day chart is 55.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.72, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 27.81%. Stochastics %K at 66.04% indicates the stock is a holding.

The most recent change occurred on March 26, 2024 when Mizuho began covering the stock and recommended ‘”a Buy”‘ rating along with a $29 price target.

Most Popular