The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. PENN Entertainment Inc shares valued at $597,600 were purchased by HANDLER DAVID A on May 29 ’24. At $14.94 per share, HANDLER DAVID A acquired 40,000 shares. The insider’s holdings grew to 283,450 shares worth approximately $5.35 million following the completion of this transaction.
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
Sponsored
Also, HANDLER DAVID A purchased 20,000 shares, netting a total of over 316,850 in proceeds. Following the buying of shares at $15.84 each, the insider now holds 20,000 shares.
Before that, HANDLER DAVID A had added 20,000 shares to its account. In a trade valued at $307,386, the Director bought PENN Entertainment Inc shares for $15.37 each. Upon closing the transaction, the insider’s holdings increased to 20,000 shares, worth approximately $4.6 million.
As published in a research note from Raymond James on June 25, 2024, PENN Entertainment Inc [PENN] has been rated down from an Outperform to a Mkt perform. Analysts at Craig Hallum upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late June. As of May 21, 2024, Raymond James has initiated its “an Outperform” rating for PENN. Earlier on May 13, 2024, BofA Securities downgraded its rating. Their new recommendation was “a Neutral” for PENN stock which previously was a “a Buy”.
Analyzing PENN Stock Performance
During the last five days, there has been a drop of approximately -5.74%. Over the course of the year, PENN Entertainment Inc shares have dropped approximately -27.40%. Shares of the company reached a 52-week high of $26.53 on 01/02/24 and a 52-week low of $13.50 on 05/02/24. A 50-day SMA is recorded $16.86, while a 200-day SMA reached $20.45. Nevertheless, trading volume fell to 4.88 million shares from 6.42 million shares the previous day.
Support And Resistance Levels for PENN Entertainment Inc (PENN)
According to the 24-hour chart, there is a support level at 18.34, which, if violated, would cause prices to drop to 17.79. In the upper region, resistance lies at 19.17. The next price resistance is at 19.45. RSI (Relative Strength Index) is 56.68 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.04, which suggests the price will decrease in the coming days. Percent R is at 36.70%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
