What Happened?
Shares of casino, sports betting and entertainment operator PENN Entertainment (NASDAQ: PENN) jumped 2.6% in the morning session after analysts reiterated a positive outlook on the stock.
The favorable view came from a consensus 'Buy' rating from two separate analyst surveys. One report, covering 15 analysts, indicated a collective belief that the stock would likely outperform the market over the next twelve months. Similarly, a separate summary of 14 analysts also resulted in a 'Buy' consensus. This widespread positive sentiment from financial analysts suggested confidence in the company's future performance.
After the initial pop the shares cooled down to $15.40, up 3.7% from previous close.
Is now the time to buy PENN Entertainment? Access our full analysis report here.
What Is The Market Telling Us
PENN Entertainment’s shares are very volatile and have had 23 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The biggest move we wrote about over the last year was 9 months ago when the stock gained 8.2% on the news that investor sentiment improved on renewed optimism that the US-China trade conflict might be nearing a resolution.
According to reports, Treasury Secretary Scott Bessent reinforced this positive outlook by describing the trade war as "unsustainable," and emphasized that a potential agreement between the two economic powers "was possible." His comments signaled to markets that both sides might be motivated to seek common ground, raising expectations for reduced tariffs and more stability across markets.
PENN Entertainment is up 3.7% since the beginning of the year, but at $15.40 per share, it is still trading 32.3% below its 52-week high of $22.73 from February 2025. Investors who bought $1,000 worth of PENN Entertainment’s shares 5 years ago would now be looking at an investment worth $176.99.
Do you want to know what moves the business you care about? Add them to your StockStory watchlist and every time a stock significantly moves, we provide you with a timely explanation straight to your inbox. It’s free for active Edge members and will only take you a second.
