PENN Entertainment Inc’s filing revealed that its Director DHANDA ANUJ acquired Company’s shares for reported $0.28 million on Sep 06 ’24. In the deal valued at $18.40 per share,15,000 shares were bought. As a result of this transaction, DHANDA ANUJ now holds 31,523 shares worth roughly $ 0.56 million.
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Then, Snowden Jay A bought 54,200 shares, generating $999,448 in total proceeds. Upon buying the shares at $18.44, the President and CEO now owns 853,045 shares.
Before that, HANDLER DAVID A bought 40,000 shares. PENN Entertainment Inc shares valued at $597,600 were divested by the Director at a price of $14.94 per share. As a result of the transaction, HANDLER DAVID A now holds 283,450 shares, worth roughly $5.01 million.
Raymond James downgraded its PENN Entertainment Inc [PENN] rating to a Mkt perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who increased its forecast for the stock in late June from “a Hold” to “a Buy”. Raymond James began covering PENN with “an Outperform” recommendation on May 21, 2024. BofA Securities revised its rating on May 13, 2024. It rated PENN as “a Neutral” which previously was an “a Buy”.
Price Performance Review of PENN
On Monday, PENN Entertainment Inc [NASDAQ:PENN] saw its stock fall -2.21% to $17.67. Over the last five days, the stock has lost -5.10%. PENN Entertainment Inc shares have fallen nearly -32.09% since the year began. Nevertheless, the stocks have fallen -19.65% over the past one year. While a 52-week high of $27.20 was reached on 01/02/24, a 52-week low of $13.50 was recorded on 05/02/24. SMA at 50 days reached $19.03, while 200 days put it at $19.72.
Levels Of Support And Resistance For PENN Stock
The 24-hour chart illustrates a support level at 17.36, which if violated will result in even more drops to 17.05. On the upside, there is a resistance level at 18.15. A further resistance level may holdings at 18.62. The Relative Strength Index (RSI) on the 14-day chart is 39.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.75, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.76%. Stochastics %K at 14.21% indicates the stock is a buying.
How much short interest is there in PENN Entertainment Inc?
A steep rise in short interest was recorded in PENN Entertainment Inc stocks on 2024-08-15, dropping by -0.94 million shares to a total of 23.18 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 24.12 million shares. There was a decline of -4.05%, which implies that there is a negative sentiment for the stock.
