Penn National Gaming Inc. ($PENN) Stock Forecast: Up 5.1% Today

What is Penn National Gaming Inc.?

PENN Entertainment (NASDAQ: PENN) operates in the entertainment sector, with a focus on gaming or leisure activities. The stock experienced significant bullish movement today.

Why is Penn National Gaming Inc. going up?

PENN stock is up 5.1% on Jun 9, 2025 16:50

• A rise in the short percent of float and a considerable amount of shares being sold short may have triggered a short squeeze, causing the stock price to climb.
• Market sentiment appears favorable towards PENN Entertainment, likely influenced by strong financial performance or positive industry trends.
• Investors seem optimistic about the company's future, resulting in higher buying activity and pushing the stock price up.
• The upward movement in PENN's stock can be attributed to a mixture of short squeeze dynamics and positive market sentiment surrounding the company.

PENN Price Chart

PENN Technical Analysis

PENN News

Is the Market Bullish or Bearish on PENN Entertainment? - PENN Entertainment ( NASDAQ:PENN )

PENN Entertainment's PENN short percent of float has risen 3.64% since its last report. The company recently reported that it has 19.46 million shares sold short, which is 13.1% of all regular shares that are available for trading.

https://www.benzinga.com/insights/short-sellers/25/06/45822762/is-the-market-bullish-or-bearish-on-penn-entertainment

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Penn National Gaming Inc. Price History

14.00.2025 - PENN Stock was up 5.6%

• A strategic partnership with Monumental Sports & Entertainment to launch ESPN BET in Washington D.C. is fueling investor optimism.
• PENN's expansion initiative demonstrates its dedication to increasing its presence in the gaming industry.
• Collaboration with MSE has the potential to create new revenue opportunities and improve PENN's competitiveness, contributing to the stock's positive movement.

10.11.2024 - PENN Stock was down 6.9%

• A decline in PENN's short percent of float suggests potential investor hesitance regarding the company's future performance.
• The significant percentage of shares sold short might be influencing the downward trend in PENN's stock price.
• Investor apprehension about the company's recent performance or future prospects could be driving today's bearish market activity.

08.00.2025 - PENN Stock was down 5.1%

• The bearish movement in PENN could be attributed to profit-taking by investors after a period of strong gains.
• Recommendations to buy Lazard and the downgrade of Uber by JMP Securities may have shifted investor focus away from PENN, impacting its stock price negatively.
• Market sentiment towards tech stocks like Uber may have overshadowed interest in gaming companies like PENN, leading to the bearish movement in the stock.
• Overall, the combination of profit-taking, shifting investor preferences, and specific stock recommendations may have contributed to PENN's bearish performance today.

12.10.2024 - PENN Stock was up 5.4%

• PENN stock experienced a strong bullish movement recently.
• Despite missing third-quarter revenue and earnings estimates, analysts are optimistic about the company's future performance, particularly in the ESPN Bet and Interactive segment.
• The narrower-than-expected Q3 loss, driven by a strong performance in the Interactive segment, has positively influenced investor sentiment.
• The market seems to be focusing more on the company's growth potential and strategic initiatives rather than short-term financial metrics, leading to the recent bullish movement in PENN stock.

09.05.2025 - PENN Stock was up 5.1%

• A rise in the short percent of float and a considerable amount of shares being sold short may have triggered a short squeeze, causing the stock price to climb.
• Market sentiment appears favorable towards PENN Entertainment, likely influenced by strong financial performance or positive industry trends.
• Investors seem optimistic about the company's future, resulting in higher buying activity and pushing the stock price up.
• The upward movement in PENN's stock can be attributed to a mixture of short squeeze dynamics and positive market sentiment surrounding the company.

21.04.2025 - PENN Stock was down 5.2%

• Concerns arose among investors regarding PENN Entertainment's partnership with Shake Shack to open locations at casino properties, potentially shifting focus away from its core casino business.
• Some investors view the expansion into nontraditional venues as a risky move, prompting a sell-off of PENN stock.
• Worries about the partnership's impact on PENN's financial performance and alignment with its long-term growth strategy may have contributed to the bearish market movement today.

27.01.2025 - PENN Stock was down 6.6%

• PENN Entertainment fell short of Q4 earnings estimates, pointing to a weaker financial performance than anticipated.
• The company closed the quarter with a significant cash and liquidity position, potentially offering some stability despite the disappointing earnings.
• Investors' negative response to the missed estimates likely contributed to the bearish trend in PENN's stock price today.

19.02.2025 - PENN Stock was up 5.6%

• PENN Entertainment has shown consistent outperformance over the past 5 years, with an average annual return of 18.45%, beating the market by 1.09% annually.
• The positive historical performance of the company may have attracted more investors, leading to increased buying pressure and driving the stock price higher.
• Investor optimism about PENN's future prospects, possibly due to successful business strategies or growth opportunities in the gaming and entertainment industry, could be driving the stock's rise.
• The market capitalization of $2.62 billion reflects investor confidence in the company's potential for continued growth and profitability, contributing to today's bullish movement in the stock price.

07.10.2024 - PENN Stock was up 5.1%

• Despite a Q3 earnings miss with an adjusted loss of 25 cents per share, PENN stock experienced a strong bullish movement.
• Investors seem to be looking beyond the earnings miss to focus on other positive aspects of the company's performance, such as revenue growth or strategic initiatives.
• The market's optimism regarding PENN's future prospects appears to be driving the bullish movement despite the earnings disappointment.
• Overall sentiment towards the gaming industry or specific internal developments within the company may also be influencing the bullish trend in PENN stock.

19.11.2024 - PENN Stock was down 6.1%

• The bearish movement in PENN stock could be due to profit-taking by investors after a recent bullish run.
• The market may be reacting to concerns about the potential competition in the digital gaming space in Pennsylvania.
• Investors might be adjusting their positions based on the uncertainty surrounding the success of the new Hollywood Casino app.
• It's possible that the market is pricing in the costs associated with the launch of the new app, impacting PENN's short-term profitability.

28.01.2025 - PENN Stock was up 5.1%

• Despite falling short of earnings and revenue expectations in the fourth quarter, PENN Entertainment observed a notable bullish trend.
• The market's favorable response may stem from the accelerated growth seen in the online casino division, reflecting investors' confidence in the company's future prospects.
• Investor attention appears to have been drawn towards PENN Entertainment's strategic plans and growth opportunities rather than fixating solely on quarterly financial performance.
• The market's upward trajectory could signify investor optimism regarding the company's potential to leverage emerging trends in the entertainment industry, specifically in online gaming.

08.04.2025 - PENN Stock was down 0.5%

• PENN's bearish movement today could be attributed to uncertainties surrounding inflation and consumer spending.
• Investors might be cautious due to the upcoming quarterly earnings report of PENN. This anticipation could be contributing to the downward pressure on the stock.
• The market might be reacting to projections for key metrics beyond just the headline estimates, indicating that there could be underlying concerns about PENN's performance in the recent quarter.