PENN Entertainment Inc (NASDAQ: PENN) stock closed at $17.50 on 5/31/24 after a major increase of 19.6%. Moreover, this advance was accompanied by exceptionally high trading volume at 362% of normal. The stock has risen 9.1% during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
PENN is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
PENN Entertainment has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. PENN Entertainment has a good Appreciation Score of 83 but a very low Power Rating of 3, with the Low Neutral Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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