PENN Entertainment Inc’s filing revealed that its Director HANDLER DAVID A acquired Company’s shares for reported $0.18 million on Sep 10 ’24. In the deal valued at $17.51 per share,10,000 shares were bought. As a result of this transaction, HANDLER DAVID A now holds 293,450 shares worth roughly $5.32 million.
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Then, DHANDA ANUJ bought 15,000 shares, generating $276,000 in total proceeds. Upon buying the shares at $18.40, the Director now owns 31,523 shares.
Before that, Snowden Jay A bought 54,200 shares. PENN Entertainment Inc shares valued at $999,448 were divested by the President and CEO at a price of $18.44 per share. As a result of the transaction, Snowden Jay A now holds 853,045 shares, worth roughly $15.47 million.
JP Morgan upgraded its PENN Entertainment Inc [PENN] rating to an Overweight from a a Neutral in a research note published recently. Raymond James also remained covering PENN and has decreased its forecast on June 25, 2024 with a “Mkt perform” recommendation from previously “an Outperform” rating. Craig Hallum revised its rating on June 21, 2024. It rated PENN as “a Buy” which previously was an “a Hold”.
Price Performance Review of PENN
On Monday, PENN Entertainment Inc [NASDAQ:PENN] saw its stock fall -2.63% to $18.13. Over the last five days, the stock has lost -8.57%. PENN Entertainment Inc shares have fallen nearly -30.32% since the year began. Nevertheless, the stocks have fallen -27.62% 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 $19.93, while 200 days put it at $18.52.
Levels Of Support And Resistance For PENN Stock
The 24-hour chart illustrates a support level at 17.83, which if violated will result in even more drops to 17.53. On the upside, there is a resistance level at 18.61. A further resistance level may holdings at 19.10. The Relative Strength Index (RSI) on the 14-day chart is 38.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.50%. Stochastics %K at 7.36% 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 2024-11-29, dropping by -2.79 million shares to a total of 17.09 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 19.88 million shares. There was a decline of -16.32%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on May 21, 2024 when Raymond James began covering the stock and recommended ‘”an Outperform”‘ rating along with a $20 price target.
