PENN Stock Recent News

PENN Entertainment is a speculative buy due to recent improvements in price action, short-term bullish momentum, and institutional accumulation. PENN's price action has shifted from a long-term downtrend to a horizontal range, recapturing its 30-week EMA, indicating potential bullish behavior. Short-term momentum is bullish, while long-term momentum is bearish but could turn positive soon; volume patterns show institutional buying.

The NFL season kicked off just last week, already providing sports bettors with some upsets.

PENN is likely to benefit from its strong gaming performance, sports betting operations, and strategic retail investments amid margin woes.

PENN Entertainment's (PENN) second-quarter 2024 results are hurt by the disappointing performance of its South and Interactive segments.

The headline numbers for PENN Entertainment (PENN) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

PENN Entertainment (PENN) came out with a quarterly loss of $0.18 per share versus the Zacks Consensus Estimate of a loss of $0.27. This compares to earnings of $0.48 per share a year ago.

The widespread legalization of sports betting is breathing new life into the Paris 2024 Olympics.

PENN Entertainment (PENN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Integrated gaming provider Penn Entertainment (NASDAQ: PENN ) — which provides sports content and casino experiences — saw its shares decline conspicuously on Thursday. Earlier in the day, the company announced that it would initiate job cuts to support growth for its sportsbook partnership, ESPN Bet.

Penn Entertainment will lay off about 100 employees as it focuses on growth for ESPNBet. The company employs about 20,000 people.