Should You Buy Penn National Gaming, Inc (PENN) Stock After it Has Fallen 5.09% in a Week?

Overall market sentiment has been down on Penn National Gaming, Inc (PENN) stock lately. PENN receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Penn National Gaming, 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?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With PENN Stock Today?

Penn National Gaming, Inc (PENN) stock is trading at $69.22 as of 1:32 PM on Monday, Aug 2, an increase of $0.84, or 1.23% from the previous closing price of $68.38. The stock has traded between $68.25 and $70.66 so far today. Volume today is below average. So far 1,400,249 shares have traded compared to average volume of 4,429,897 shares. To screen for more stocks like Penn National Gaming, Inc click here.

More About Penn National Gaming, Inc

Penn National Gaming Inc is the operator of gaming and racing properties and video gaming terminal ("VGT") 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 National Gaming, Inc stock.