Penn has experienced a substantial drop in share price due to a correlated attack from Business Insider against CEO David Portnoy being released the same day as an earnings miss. The CEO of Business Insider is barred from ever trading securities again in the United States derived from a history of insider trading. Penn Is a large player in the Casino industry and...
Penn National Gaming, Inc. is an American operator of casinos and racetracks, based in Wyomissing, Pennsylvania. It operates 44 facilities in the United States and Canada, many of them under the Hollywood Casino brand. The company also controls a 36% stake in Barstool Sports. With the US consumers sitting on over $5.4 trillion of additional savings as a result...
I think PENN is oversold. The country is reopening and sports will be back in a BIG way. And do you know what's bigger than sports? SPORTS BETTING! PENN Nationals merger with Barstool Sports, a media company with hardcore sports fans was an end game move! They will be the biggest and lead the way for other sport betting companies. Sports betting will be legal in...
Could go either way but I like this breaking out to the upside. Strong support ~$97-$98. Stochastic points to the upside on 4HR. 50 EMA has been acting as resistance and I would like to see a close above. What's everyone's thoughts?
PENN is another stock being added to the SP500. short term looks like we can see a pull back. As can be seen the chart is all over the place but its been choppy the past few weeks. Im expecting some short term downside but the longer timelines show bullish sentiment in my opinion. I expect a pull back slightly this week with longer term upside, I would estimate...
-In terms of percentage gain from the March '20 lows to current trading levels $PENN mathematically returned 3000% -BTC/USD trading pair on BITSTAMP for same time period has a rough return of 1100% -If not aware, see link for information on the Barstool Fund www.barstoolsports.com
For anyone who remembers the death spiral of March 2020 with $DKNG trading at $10.60 and $PENN trading as low as $3.75 you are either riding the wave or watching in wonder. Even with the impossible runs both have taken off their 2020 lows many debate where this “sports betting” trade will go? Some points of consideration: Size of Market Since the PASPA repeal...
Penn National Gaming trading in a broadening bullish channel. NASDAQ:PENN
Dave Portnoy $PENN stock is in for a correction .
Sideways Consolidation for a couple of weeks now. Target 1 around $36.50 (Fib1 length) Target 2 $40. Recent NASDAQ:PENN Deal done with Barstool Sports for online sports betting. 7/23 earnings date
Id say this would be worth the risk. As long as the company doesnt collapse...
Baby, it's cold outside. Barstool Sports is really going to have to up their shilling of $yeti products in order to deal with the disgusting price structure, massive short interest, and global pandemic! I picked some 3/27/2020 30$ puts for 1.29$, some 7/17/2020 25$ puts for 1.5$.
The current weekly chart is simply not parabolic enough for this partnership. The partnership of a generational media company already well versed in gambling combined with a brick and mortar casino company just blew the doors open. Current USA laws are now enemy number one for Dave Portnoy's bottom line. This will shift the tide of lobbying money behind the scenes...