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Why Penn National Gaming's Stock Is Trading Lower Today

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Why Penn National Gaming's Stock Is Trading Lower Today

Penn National Gaming, Inc. (NASDAQ: PENN) shares are trading lower after the company announced a common stock offering of 14 million shares. Macquarie also downgraded the company's stock from Outperform to Neutral.

Penn National Gaming is the operator of gaming and racing properties and video gaming terminal ("VGT") operations in the U.S.

Penn's stock was trading down 4.78% at $65.70 per share on Thursday at the time of publication. The company has a 52-week high of $76.62 and a 52-week low of $3.75.

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Barstool Sportsbook Optimism Powers Penn National To 52-Week High

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Latest Ratings for PENN

DateFirmActionFromTo
Oct 2020Morgan StanleyMaintainsEqual-Weight
Sep 2020RosenblattMaintainsBuy
Sep 2020MacquarieDowngradesOutperformNeutral

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View the Latest Analyst Ratings

 

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