Penn National Gaming ( (PENN) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Penn National Gaming’s stock has surged following an upgrade by Citizens JMP from Market Perform to Outperform, with a new price target set at $24. This positive shift comes after years of struggles with its online business expansion, during which the stock suffered. Analysts are optimistic about the company’s future, citing growth opportunities from new casino openings and potential shareholder returns, despite lingering concerns about past cost structures.
More about Penn National Gaming
YTD Price Performance: -9.56%
Average Trading Volume: 4,211,587
Technical Sentiment Signal: Sell
Current Market Cap: $2.62B
For further insights into PENN stock on TipRanks’ Stock Analysis page.
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