Why Penn National Gaming's Stock Is Trading Higher Today

Penn National Gaming PENN shares are trading higher on Monday.

The strength is potentially related to reopening hopes amid the U.S. COVID-19 vaccine rollout as well as sports betting optimism.

Penn National Gaming is the operator of gaming and racing properties and video gaming terminal operations in the U.S. It offers live sports betting at our properties in Indiana, Iowa, Mississippi, Nevada, Pennsylvania, and West Virginia.

Penn National Gaming shares were trading up 8.19% at $80.52 at publication time. The stock has a 52-week high of $84.49 and a 52-week low of $3.75.