Penn National Gaming, Inc. stock performance trend indicates that the stock price has rallied 10.86% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 16.58% . Looking at the past 52 week period, the stock price is up at 3.81% . Relative price strength is a important factor used by wealth management firms while investing in stocks since the indicator compares the stock performance with the overall market. The relative price strength of Penn National Gaming, Inc. has a negative value of -14.57 compared to overall market performance.Based on the Stock Research the Relative Strength Index signal is in over bought territory with a range of 74.78.
Penn National Gaming, Inc. (NASDAQ:PENN) has climbed 5.89% in the past week and advanced 12.68% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 5.64% and the outperformance has advanced to 11.4% for the last 4 weeks period.
For the current week, the company shares have a recommendation consensus of Buy. Penn National Gaming, Inc. (NASDAQ:PENN) : On Friday heightened volatility was witnessed in Penn National Gaming, Inc. (NASDAQ:PENN) which led to swings in the share price. The stock opened for trading at $15.41 and hit $15.92 on the upside , eventually ending the session at $15.82, with a gain of 2.39% or 0.37 points. The heightened volatility saw the trading volume jump to 1,508,585 shares. The 52-week high of the share price is $17.4 and the company has a market cap of $1,438 million. The 52-week low of the share price is at $11.93 .
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Penn National Gaming Inc was Initiated by SunTrust on Feb 10, 2017 to Hold, Price Target of the shares are set at $14.Penn National Gaming Inc was Downgraded by JP Morgan on Jan 5, 2017 to Neutral, Price Target of the shares are set at $16.
Company has reported several Insider transactions to the SEC, on Feb 13, 2017, Jane Scaccetti (director) purchased 3,300 shares at 14.34 per share price.On Dec 2, 2016, Peter M Carlino (director) sold 168,246 shares at 13.26 per share price.On Nov 23, 2016, Carl Sottosanti (EVP,Gen Counsel & Secretary) sold 37,598 shares at 13.85 per share price.
Penn National Gaming Inc Last issued its quarterly earnings results on Feb 2, 2017. The company reported $0.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.20. Analyst had a consensus of $-0.15. The company had revenue of $742.90 million for the quarter, compared to analysts expectations of $746.11 million. The companys revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.11 EPS.
Penn National Gaming, Inc. are a diversified gaming and pari-mutuel wagering company. Their business strategy is focused on exploiting the higher margins and more stable cash flows associated with gaming operations compared to pari-mutuel operations.