Shares of Penn National Gaming Inc. PENN, -0.75% sank 0.75% to $44.99 Friday, on what proved to be an all-around mixed trading session for the stock market, with the NASDAQ Composite Index COMP, +1.58% rising 1.58% to 14,098.01 and the Dow Jones Industrial Average DJIA, -0.06% falling 0.06% to 35,089.74. This was the stock’s third consecutive day of losses. Penn National Gaming Inc. closed $97.01 short of its 52-week high ($142.00), which the company reached on March 15th.
The stock underperformed when compared to some of its competitors Friday, as Boyd Gaming Corp. BYD, +6.50% rose 6.50% to $63.42, Caesars Entertainment Inc. CZR, +3.23% rose 3.23% to $78.83, and Churchill Downs Inc. CHDN, +3.30% rose 3.30% to $208.84. Trading volume (6.3 M) eclipsed its 50-day average volume of 4.6 M.