PENN Stock Sees Decline of Approximately -0.64% in Last Five Days

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. PENN Entertainment Inc shares valued at $175,100 were purchased by HANDLER DAVID A on Sep 10 ’24. At $17.51 per share, HANDLER DAVID A acquired 10,000 shares. The insider’s holdings grew to 293,450 shares worth approximately $5.46 million following the completion of this transaction.

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Also, DHANDA ANUJ purchased 15,000 shares, netting a total of over 276,000 in proceeds. Following the buying of shares at $18.40 each, the insider now holds 31,523 shares.

Before that, Snowden Jay A had added 54,200 shares to its account. In a trade valued at $999,448, the President and CEO bought PENN Entertainment Inc shares for $18.44 each. Upon closing the transaction, the insider’s holdings increased to 54,200 shares, worth approximately $15.88 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 -0.64%. Over the course of the year, PENN Entertainment Inc shares have dropped approximately -28.44%. Nevertheless, trading volume fell to 1.76 million shares from 2.51 million shares the previous day.