Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate PENN Entertainment Inc before investing.

In this article, we go over a few key elements for understanding PENN Entertainment Inc’s stock price such as:

• PENN Entertainment Inc’s current stock price and volume
• Why PENN Entertainment Inc’s stock price changed recently
• Upgrades and downgrades for PENN from analysts
• PENN’s stock price momentum as measured by its relative strength

About PENN Entertainment Inc (PENN)

Before we jump into PENN Entertainment Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

PENN Entertainment, Inc. is a provider of integrated entertainment, sports content and casino gaming experiences. The Company operates over 43 properties in 20 states, online sports betting in 18 jurisdictions and iCasino in five jurisdictions, under a portfolio of brands, including Hollywood Casino, L’Auberge, ESPN BET, and theScore Bet Sportsbook and Casino. Its segments include Northeast, South, West, Midwest, and Interactive. The Northeast segment include Ameristar East Chicago, Hollywood Casino Columbus, Hollywood Casino at Greektown, and Hollywood Casino at PENN National Race Course. The South segment includes 1st Jackpot Casino, Ameristar Vicksburg, Boomtown New Orleans, and L’Auberge Baton Rouge. The West segment include Ameristar Black Hawk, M Resort, and Zia Park Casino. The Midwest segment includes Ameristar Council Bluffs, Hollywood Casino Aurora, and River City Casino. Its Interactive segment includes online sports betting, iCasino and online social gaming operations.

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PENN Entertainment Inc’s Stock Price as of Market Close

As of May 15, 2024, 4:00 PM, CST, PENN Entertainment Inc’s stock price was $15.90.

PENN Entertainment Inc is down 5.92% from its previous closing price of $16.90.

During the last market session, PENN Entertainment Inc’s stock traded between $16.15 and $16.91. Currently, there are 151.90 million shares of PENN Entertainment Inc stock available for purchase.

Unfortunately, PENN Entertainment Inc’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

PENN Entertainment Inc Stock Price History

PENN Entertainment Inc’s (PENN) price is currently down 3.87% so far this month.

During the month of May, PENN Entertainment Inc’s stock price has reached a high of $17.12 and a low of $13.50.

Over the last year, PENN Entertainment Inc has hit prices as high as $29.38 and as low as $13.50. Year to date, PENN Entertainment Inc’s stock is down 46.46%.

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What Caused PENN Entertainment Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of May 14, 2024, there were 12 analysts who downgraded PENN Entertainment Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate PENN Entertainment Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on PENN Entertainment Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

PENN Entertainment Inc’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about PENN Entertainment Inc (PENN) by visiting AAII Stock Evaluator.

Relative Price Strength of PENN Entertainment Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of May 14, 2024, PENN Entertainment Inc has a weighted four-quarter relative price strength of -16.60%, which translates to a Momentum Score of 17 and is considered to be Very Weak.

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PENN Entertainment Inc Stock Price: Bottom Line

As of May 15, 2024, PENN Entertainment Inc’s stock price is $15.90, which is down 5.92% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like PENN Entertainment Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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