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Penn National Gaming, Inc. (PENN)

  • Mon, Mar. 9, 9:53 AM
    • A powerful bid from Gaming & Leisure for Pinnacle's (PNK +18.6%) real estate is helping to give a lift to other regional casino stocks in early trading.
    • The sector, which already has been an out-performer in 2015 due to a recovery in casino traffic amid lower gas prices in the U.S., has some underlying REIT potential bubbling under the surface, according to analysts.
    • Previously: Pinnacle Entertainment soars as Gaming & Leisure bids for its real estate (Mar. 09 2015)
    • Gainers: Isle of Capri (NASDAQ:ISLE) +2.3%, Boyd Gaming (NYSE:BYD) +7.0%, Penn National Gaming (NASDAQ:PENN) +2.1%, Century Casinos (NASDAQ:CNTY) +0.8%.
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  • Mon, Mar. 2, 10:15 AM
    • Regional casino stocks show some early momentum as more positive signals for the sector filter in.
    • Gainers: Isle of Capri (NASDAQ:ISLE) +8.9%, Pinnacle Entertainment (NYSE:PNK) +3.9%, Boyd Gaming (NYSE:BYD) +3.9%, Penn National Gaming (NASDAQ:PENN) +3.4%, Empire Resorts (NASDAQ:NYNY) +2.2%.
    • A strong note from Macquarie recommending Isle of Capri to investors added some pep to the sector last week.
    • Previously: Casinos love $2 gas (Feb. 28 2015)
    | 1 Comment
  • Mon, Feb. 23, 9:26 AM
    • Penn National Gaming (NASDAQ:PENN) is upgraded by Bank of America Merrill Lynch to a Buy rating from Neutral.
    • Gross gaming revenue is tracking strong in February for U.S. regionals, according to BAML.
    • A price target of $20 is lined up by the investment firm on Penn.
    • PENN +2.51% premarket to $16.80.
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  • Feb. 28, 2014, 10:20 AM
    • Regional casino stocks are showing some weakness in early trading.
    • Sentiment has soured after a few disappointing quarterly reports in the sector and reads from state regulators which showed slow traffic in February.
    • Decliners: Isle of Capri Casinos (ISLE) -3.4%, Boyd Gaming (BYD) -3.1%, Penn National Gaming (PENN) -0.8%.
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  • Nov. 4, 2013, 12:46 PM
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  • Oct. 18, 2013, 5:46 PM
    • Top Gainers, as of 5:15 p.m.: SQNM +2.5%. AFSI +2.4%. VNDA +2.2%. CE +1.5%. VJET +1.4%.
    • Top Losers, as of 5:15 p.m: DQ -6.6%. JAH -2.4%. SIX -2.0%. UVXY -2.0%. PENN -1.8%.
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  • Oct. 18, 2013, 1:20 PM
    • Casino stock are getting a lift out of the positive report on Macau gaming issued by Las Vegas Sands (LVS +2.1%) last night and a positive  S&P note on financing of spinoffs in the sector.
    • Advancers in the sector include Melco Crown (MPEL +5.2%), Penn National Gaming (PENN +2.1%), Wynn Resorts (WYNN +1.2%), and Pinnacle Entertainment (PNK +3.2%).
    • The catch-all Market Vectors Gaming (BJK +2.2%) ETF is also trekking higher.
  • Jul. 23, 2013, 12:29 PM
    Penn National Gaming (PENN -6.9%) shares are in the doldrums after the company missed Q2 estimates amid softness in regional gaming trends and bad weather in the Midwest, cut its dividend and lowered its guidance for the year. Other regional casinos also are lower: PNK -5.6%, ISLE -3.2%, BYD -2.9%, CZR -2.7%.
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  • Jul. 23, 2013, 9:15 AM
    Premarket gainers: FIRE +28%. CSE +23%. CBMX +22%. ARRY +13%. MTG +10%. IRWD +11%. WEN +9%. NAT +8%. FTNT +8%. PACW +7%. TI +7%. HSOL +7%. PRAN +7%. CDTI +7%. RSH +6%. ALSK +6%. INFU +6%. NQ +6%. CPRX +5%. LXK +5%.
    Losers: PENN -7%. STM -6%.
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  • Jul. 10, 2013, 8:00 PM
    Penn National Gaming (PENN) says the Nevada Gaming Control Board has unanimously approved the steps necessary to implement the separation of its operating assets and real property assets. In order to complete the regulatory process in Nevada, the company now needs to obtain the approval of the Nevada Gaming Commission, which is scheduled to consider the matter on July 25.
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  • Jun. 6, 2013, 7:47 PM
    Some others taking hit in the post-session on Iron Mountain's (IRM) IRS REIT conversion news: Lamar Advertising (LAMR -7.7%) and Penn National Gaming (PENN -1.5%).
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  • Apr. 3, 2013, 10:42 AM
    Casino stocks trade sluggishly as Zynga's push into real-money gaming in the U.K. appears to make it a more formidable threat to the sector. Though nearly all the brick-and-mortar gaming companies are involved in extensive planning for the expected opening up of online gambling in the U.S., pure Internet companies are still set to have lower cost structures and the ability to move more nimbly. Sector watch: Caesers Entertainment (CZR) -2.5%, Las Vegas Sands (LVS) -2.3%, Boyd Gaming (BYD) -2.2%, Wynn Resorts (WYNN) -2.1%, MGM Resorts (MGM) -2%, Penn National Gaming (PENN) -1.4%.
  • Feb. 22, 2013, 9:40 AM
    Casino stocks (BJK) show mild gains after Nevada approves a bill to institute online gambling. Though a positive for Vegas-centric companies and a negative for Jersey-centric players, until the parameters of online gambling are better defined it will be hard to separate the winners from the losers.
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  • Jan. 10, 2013, 9:55 AM
    Casino stocks edge lower, at least partially influenced by word out of Las Vegas that the gaming win on the Strip was down by 13% to $432M during a recent tracking period. The sector is also battling dueling analyst moves: Nomura downgrading MGM Resorts to Neutral from Buy and Lazard upping Wynn Resorts (WYNN +0.4%) to Buy from Neutral. Decliners: MGM -2.7%, LVS -1.5%, PENN -1.7%.
  • Jan. 2, 2013, 10:33 AM
    Casino stocks trade higher after Macau numbers come in strong enough to keep optimism humming right along. With U.S.-based gaming companies such as Boyd Gaming (BYD +4.5%), Penn National Gaming (PENN +3%), and Pinnacle Entertainment (PNK +4.2%) also showing strength, it might appear that a fiscal cliff relief rally could also be in play if it wasn't for the strong December already put in by the group.
  • Nov. 16, 2012, 9:10 AM
    Premarket gainers: PENN +33%. SHF +29%. SWSH +22%. OMX +17%. ASCA +17%. CLNT +15%. BYD +12%. STSI +11%. MGM +7%. OSIS +6%. LVS +6%. VRNG +6%. GMCR +5%. CALI +5%. FRO +5%.
    Losers: DVAX -48%. SINA -7%.
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Company Description
Penn National Gaming Inc along with its subsidiaries, is a diversified, multi-jurisdictional owner and manager of gaming and pari-mutuel properties.
Sector: Services
Country: United States