PENN Entertainment Inc (PENN)

[whytestocks]

JUST IN: $PENN CORRECTING and REPLACING Penn National Gaming Announces Pricing of Public Offering of Common Stock

Please replace the release with the following corrected version due to multiple revisions. The updated release reads: PENN NATIONAL GAMING ANNOUNCES PRICING OF PUBLIC OFFERING OF COMMON STOCK Penn National Gaming, Inc. (PENN: Nasdaq) (“Penn National” or the...

In case you are interested PENN - CORRECTING and REPLACING Penn National Gaming Announces Pricing of Public Offering of Common Stock

[Norton1973]

I am still Riding the $PENN Wave!

[Norton1973]

Hope so.....:)

[JohnCM]

No. The NFL season will play out.

[Tincupx]

Are you concerned at all in the coming months of NFL games getting canceled. I remember DKNG being down 10% over a single baseball game. I sold my entire position at 49. Trying to determine if it’s worth getting back in now, or if a COVID resurgence is coming again

[JohnCM]

DK stock is taking me to Maui.

[Norton1973]

Yes, I have a few, going to hang with PENN. gl

[JohnCM]

I jumped out of PENN. It accomplished my needs, and then some.

[Norton1973]

Always something, with stocks.

[JohnCM]

Follow on offering.

Equity raise thru the issuance of 14,000,000 shares.

Last reported closing price $69.00

[Norton1973]

$PENN,Penn National Has 'Significant' Market Share Opportunity In Online Sports Betting: Rosenblatt
https://m.benzinga.com/article/17453556

Penn National Gaming (NASDAQ: PENN) analyst has issued a Street-high price target and laid out a case for shares of the sports betting stock to hit $300 if everything goes perfect.

The Penn Analyst:

[Norton1973]

$PENN, is $Huge$!!!!!

[Investor X]

Great app numbers from the weekend folks! 67k downloads and counting! That is 4x more than DKNG and FD have ever done in any weekend. Go PENN Go!

[Investor X]

PENN had 23k new subscribers to the Barstool Sportsbook on Saturday. That was more subs in one day than DKNG or FanDuel has ever had in one day.

[Investor X]

Great read. The trend is your friend. The path of least resistance is to the upside for online gambling stocks. Everyone betting opposite is getting burned!

[Golden Cross]

Short Sellers Have Lost Nearly $1.3B On DraftKings, Penn National
Benzinga
Wayne Duggan
BenzingaSeptember 18, 2020

Penn National Gaming, Inc (NASDAQ: PENN) shares are up another 23.5% in the past week in anticipation of Friday’s launch of the new Barstool Sportsbook app.

Online and sports gambling stocks Penn and Draftkings Inc (NASDAQ: DKNG) have been on fire in 2020, and S3 Partners analyst Ihor Dusaniwsky said Thursday that heavy losses are driving short sellers to the sidelines.

MGM Resorts International (NYSE: MGM) has the largest short interest within the casino and gaming group at $1.02 billion. However, DraftKings is a close second at $977.4 million followed by Penn at $954.5 million.

Dusaniwsky said short interest in the group has steadily risen since March, but that trend has started to shift in DraftKings and Penn. DraftKings’ short interest is down 14% during the stock’s 51% rally since mid-August. Penn’s short interest has dropped 44% during the stock’s 115% rise since late May.

Short Sellers Getting Burned: MGM and other casino shorts have been highly profitable trades for short sellers in 2020, but not DraftKings and Penn. Short sellers have generated $834.1 million in year-to-date mark-to-market losses betting against Penn and $462.7 million in losses shorting DraftKings.

Those losses have ramped up in the month of September, with DraftKings shorts taking a $310.8 million hit and Penn short sellers enduring $238.4 million in losses.

Dusaniwsky said short covering may continue to push DraftKings and Penn shares higher in the coming weeks.

“With almost $2 billion of short interest between the two stocks, if a sizeable percentage of DKNG and PENN shorts fold, the bid-side price pressure will be significant and be a force in continuing this recent rally,” he said.

Benzinga’s Take: There have been plenty of profitable short-selling opportunities in the casino and gambling space in 2020 given large-scale shutdowns in Las Vegas and Macau and a crash in global travel. However, U.S. sports gambling and online gambling have been two massive bullish trends in the industry this year, and casino stock short sellers should look to avoid stocks exposed to these growth avenues.

[Golden Cross]

With Barstool Sportsbook app launch, Penn National's sizzling stock gets even hotter

[howardriggin]

Great observation
Glta

[Golden Cross]

New highs Friday

[Norton1973]

PENN, sweet!

[Investor X]

Barstool Sportsbook is the #1 sports app in the Apple store

[ClayTrader]

* * $PENN Video Chart 09-18-2020 * *

Link to Video - click here to watch the technical chart video

[collinmcb]

Scout Gaming (SCOUT SS) - If you are interested in sports betting in the US, check out this article on Europe's leading Daily Fantasy Sports company

https://seekingalpha.com/article/4375024-scout-gaming-europes-leading-b2b-daily-fantasy-sports-provider?comments=show&v=1600436915

[weedtrader420]

WOW!

[Norton1973]

$PENN is a flyer. Early pre-market

[JohnCM]

Swapped out 100 shares each DraftKings and Penn for 100 Apple.

[weedtrader420]

PENN $80 TARGET PRICE TODAY WOOHOOOOOOOOOO

[Norton1973]

PENN Gaming...BARSTOOLS......Barstool Sportsbook - Best Sports Betting App - Coming Soon
https://www.barstoolsports.com/barstool-sportsbook

[Norton1973]

$PENN , Penn National Gaming Stock Can Surge Higher Thanks To ‘Portnoy Momentum Trade,’ Stifel Says
https://www.google.com/amp/s/www.forbes.com/sites/sergeiklebnikov/2020/09/17/penn-national-gaming-stock-can-surge-higher-thanks-to-portnoy-momentum-trade-stifel-says/amp/

[Norton1973]

$PENN Gaming, Barstools App....Facebook Watch
https://m.facebook.com/watch/?v=3368954493188685&_rdr

[JohnCM]

I have a stop on 1/3rd and a trailing stop on 2/3rds.

[Golden Cross]

$PENN StockTA Recent CandleStick Analysis Very Bullish

StockTA Link
http://www.stockta.com/cgi-bin/analysis.pl?symb=PENN&cobrand=&mode=stock

[Norton1973]

PENN, or not! Lol

[Norton1973]

Lol, maybe?! Could have a down day,friday then continue?

[Investor X]

I was part of the Barstool Sportsbook soft launch today. I was able to create an account. It took a few minutes and only asked for basic info and last 4 of my social (which is standard). Overall it was a very good experience. Also received a $10 free bet once the account was created. Things are looking great for the official launch tomorrow.

[ClayTrader]

* * $PENN Video Chart 09-17-2020 * *

Link to Video - click here to watch the technical chart video

[JohnCM]

75.11 A little frothy??

[Norton1973]

Beautiful PENN move, rsi?

[JohnCM]

Can I help?

[Ralph1966]

new board?

[JohnCM]

NEW BOARD!!


Home > Boards > Free Zone > Industry Specific > Casinos and Online Gambling

[Ralph1966]

Nice move today.

[JohnCM]

70 is good. Not 80 though.

[Norton1973]

Now $PENN / Barstools hit over $71+, and has 70.74 rsi. Lol

[JohnCM]

Oh there you are. I was wondering where you were hiding.

[Norton1973]

Thanks X, appreciate sharing that!

PENN

[@LaughinPaulRyan]

... WAITING FOR DRAFTKINGS DISCOUNT ... $PENN

Scumbags over at Draftkings will drag the sector down with their SELLOUT after the CEO and buddies SOLDOUT business model and then we’ll get back in for another round of looting. #ROFLMFAOTTB

[Investor X]

I downloaded the Barstool Sportsbook app last night. It looks very clean and is easy to use. Yesterday the app was ranked 81 in the sports category. This morning it was ranked 20! This will hit #1 by Friday. Very exciting!!

[Norton1973]

I agree JohnCM, that is remarkable ! We have room to grow and go! PENN / BARSTOOLS

[JohnCM]

You are right! 71.7. How is that possible looking at the chart? That is very good news.