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 $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 $5.87 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 $17.08 million.
Analysts at Raymond James downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in late June. As of June 21, 2024, Craig Hallum has increased its “Hold” rating to a “Buy” for PENN. Earlier on May 21, 2024, Raymond James initiated its rating. Their recommendation was “an Outperform” for PENN stock.
Analyzing PENN Stock Performance
During the last five days, there has been a drop of approximately -5.70%. Over the course of the year, PENN Entertainment Inc shares have dropped approximately -23.06%. 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 $19.42, while a 200-day SMA reached $18.41. Nevertheless, trading volume fell to 2.29 million shares from 2.58 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 19.78, which, if violated, would cause prices to drop to 19.53. In the upper region, resistance lies at 20.33. The next price resistance is at 20.63. RSI (Relative Strength Index) is 51.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.01, which suggests the price will decrease in the coming days. Percent R is at 49.86%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
