Is it Time to Dump PENN Entertainment Inc (PENN) Stock After it Is Down 3.54% in a Week?

The market has been down on PENN Entertainment Inc (PENN) stock recently. PENN gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

PENN Entertainment Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on PENN!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With PENN Stock Today?

PENN Entertainment Inc (PENN) stock is trading at $25.34 as of 11:28 AM on Friday, Dec 1, a rise of $0.77, or 3.16% from the previous closing price of $24.56. The stock has traded between $24.51 and $25.35 so far today. Volume today is below average. So far 932,216 shares have traded compared to average volume of 6,450,296 shares. To screen for more stocks like PENN Entertainment Inc click here.

More About PENN Entertainment Inc

Penn National Gaming Inc is the operator of gaming and racing properties and video gaming terminal operations in the U.S. It operates retail sports betting across the company's portfolio, as well as online sports betting, online social casino, bingo, and online casinos. It offers live sports betting at its properties in Indiana, Iowa, Mississippi, Nevada, Pennsylvania, and West Virginia. Click Here to get the full Stock Report for PENN Entertainment Inc stock.