Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The price of PENN Entertainment Inc (NASDAQ: PENN) closed at $15.29 in the last session, down -2.67% from day before closing price of $15.71. In other words, the price has decreased by -$2.67 from its previous closing price. On the day, 4.8 million shares were traded.
Ratios:
We take a closer look at PENN’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.82 and its Current Ratio is at 0.82. In the meantime, Its Debt-to-Equity ratio is 3.93 whereas as Long-Term Debt/Eq ratio is at 3.77.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Sep 10 ’24 when HANDLER DAVID A bought 10,000 shares for $17.51 per share. The transaction valued at 175,100 led to the insider holds 293,450 shares of the business.
DHANDA ANUJ bought 15,000 shares of PENN for $276,000 on Sep 06 ’24. The Director now owns 31,523 shares after completing the transaction at $18.40 per share. On Sep 03 ’24, another insider, Snowden Jay A, who serves as the President and CEO of the company, bought 54,200 shares for $18.44 each. As a result, the insider paid 999,448 and bolstered with 853,045 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.35 while its Price-to-Book (P/B) ratio in mrq is 0.81.
Stock Price History:
Over the past 52 weeks, PENN has reached a high of $23.08, while it has fallen to a 52-week low of $13.25. The 50-Day Moving Average of the stock is -6.85%, while the 200-Day Moving Average is calculated to be -18.80%.
Shares Statistics:
A total of 152.23M shares are outstanding, with a floating share count of 148.77M. Insiders hold about 1.38% of the company’s shares, while institutions hold 97.07% stake in the company.
