PENN Entertainment Stock Falls 29% YTD: Buy the Dip or Wait?
PENN(PENN) ZACKS·2024-09-03 00:40
Shares of PENN Entertainment, Inc. (PENN) have moved down 28.5% year to date against the Zacks Gaming industry's 7.3% growth and the S&P 500's rise of 19.6%. The company also underperformed other industry players like DoubleDown Interactive Co., Ltd. (DDI) , PlayAGS, Inc. (AGS) and Red Rock Resorts, Inc. (RRR) , which surged 98.1%, 34.3% and 9.3%, respectively, in the said period. The substantial decline in PENN's shares raises questions about whether it is the right time to buy at a lower price or if inves ...