Where Will PENN Entertainment Inc (PENN) Stock Go Next After It Has Risen 4.51% in a Week?

Overall market sentiment has been down on PENN Entertainment Inc (PENN) stock lately. PENN receives a Bearish rating 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!

See Full PENN Report

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 Entertainment Inc (PENN) stock is trading at $18.29 as of 10:05 AM on Tuesday, Mar 26, a gain of $1.26, or 7.4% from the previous closing price of $17.03. The stock has traded between $17.47 and $18.33 so far today. Volume today is less active than usual. So far 1,824,926 shares have traded compared to average volume of 6,392,225 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.