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

What is Penn National Gaming Inc.?

PENN is a gaming company that operates various casinos and racetracks in the United States. The overall market sentiment for gaming stocks has been positive recently due to the reopening of economies post-pandemic.

Why is Penn National Gaming Inc. going down?

PENN stock is down 5.1% on Jul 29, 2025 16:21

• The stock crossing above the 20-day moving average typically signals a bullish trend, but today it experienced a strong bearish movement, indicating a potential reversal.
• Investors might have reacted negatively to some recent news or developments within the company, causing the stock price to drop significantly.
• This unexpected bearish movement could be a result of profit-taking by investors who had previously benefited from the stock's positive momentum.
• It's essential for investors to closely monitor any upcoming announcements or financial reports from PENN to better understand the reasons behind today's bearish movement.

PENN Price Chart

PENN Technical Analysis

PENN News

PENN Entertainment ( PENN ) Crossed Above the 20-Day Moving Average: What That Means for Investors

Good things could be on the horizon when a stock surpasses the 20-day simple moving average. How should investors react?

https://www.zacks.com/stock/news/2628635/penn-entertainment-penn-crossed-above-the-20-day-moving-average-what-that-means-for-investors

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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.

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.

29.06.2025 - PENN Stock was down 5.1%

• The stock crossing above the 20-day moving average typically signals a bullish trend, but today it experienced a strong bearish movement, indicating a potential reversal.
• Investors might have reacted negatively to some recent news or developments within the company, causing the stock price to drop significantly.
• This unexpected bearish movement could be a result of profit-taking by investors who had previously benefited from the stock's positive momentum.
• It's essential for investors to closely monitor any upcoming announcements or financial reports from PENN to better understand the reasons behind today's bearish movement.

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.

25.06.2025 - PENN Stock was up 5.0%

• A notable decline in PENN's short percent of float signals decreased bearish sentiment among investors.
• The drop in shares sold short may indicate a rising optimism about the company's prospects.
• This change in market sentiment towards PENN could be attributed to improved financial performance, positive industry dynamics, or growth prospects within the entertainment sector.

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.