Check Out What Whales Are Doing With PENN

Friday, 15 September 2023, 17:02:11
A whale with a lot of money to spend has taken a noticeably bearish stance on PENN Entertainment . Looking at options history for PENN Entertainment (NASDAQ: PENN ) we detected 10 strange trades. If we consider the specifics of each trade, it is accurate to state that 20% of the investors opened trades with bullish expectations and 80% with bearish. From the overall spotted trades, 7 are puts, for a total amount of $449,647 and 3, calls, for a total amount of $139,660. What”s The Price Target? Taking into account the Volume and Open Interest on these contracts, it appears that … Full story available on Benzinga.com
— Benzinga

Why Is Penn Entertainment (PENN) Stock Up 7% Today?

Thursday, 14 September 2023, 20:26:57
Shares of gaming giant Penn Entertainment (NASDAQ: PENN ) jumped sharply on Thursday following a positive assessment by Deutsche Bank. Though the research arm of the financial institution remains skeptical about the longer-term narrative, analysts there are bullish for the short term. Earlier in the morning, PENN stock jumped 7%, adding slightly to the return in the early afternoon hours. According to CNBC , Deutsche’s Carlo Santarelli issued a “catalyst call buy” or a short-term buy rating on the sportsbetting enterprise. Overall, though, he maintains a “hold” rating along with sticking with his present $29 price target on PENN stock. Still, the implication is that shares could rise more than 5% against Wednesday’s close. Bolstering sentiment for the gaming specialist is its licensing deal it signed with ESPN — which is owned by Disney (NYSE: DIS ) — to rebrand its sportsbook to ESPN BET. This platform will launch in November. Enticingly, Penn owns the exclusive right to the ESPN BET trademark in the U.S. for 10 years.
— InvestorPlace

Penn Entertainment (NASDAQ:PENN) Races Ahead on New Deutsche Bank Report

Thursday, 14 September 2023, 20:04:28
It might be hard to believe that casino stocks like Penn Entertainment (NASDAQ:PENN) are doing so well in a time when even dollar stores are strugg…
— TipRanks

PENN Entertainment: Uncertain About The Business Growth Trajectory

Thursday, 14 September 2023, 19:00:36
PENN Entertainment”s recent performance fell short of expectations, with disappointing profit margins. Read more to see a detailed analysis on PENN stock.
— Seeking Alpha

PENN Entertainment rallies after Deutsche Bank fires off a catalyst call on the stock

Thursday, 14 September 2023, 14:38:50
Deutsche Bank issued a catalyst call buy idea on Penn Entertainment (PENN) on Thursday. Read more.
— Seeking Alpha