Shares of Penn National Gaming (NASDAQ:PENN) traded today at $57.94, breaking its 52-week high. This new high was reached on above average trading volume as 909,000 shares traded hands, while the average 30-day volume is approximately 646,000 shares.
Penn National Gaming (NASDAQ:PENN) defies analysts with a current price ($57.23) 1.1% above its average consensus price target of $56.61. Penn National Gaming shares have support at the 50-day moving average (MA) of $52.73 and additional support at the 200-day MA of $45.86.
Penn National Gaming, Inc. owns and operates Charles Town Races in West Virginia which features slot machines, casinos in Mississippi, and a riverboat gaming facility in Louisiana. The Company also owns racetracks and off-track wagering facilities in Pennsylvania, as well as manages a gaming facility in the Province of Ontario, Canada.
Penn National Gaming share prices have moved between a 52-week high of $57.94 and a 52-week low of $37.00 and are now trading 55% above that low price at $57.23 per share. The 200-day and 50-day moving averages have moved 0.39% higher and 0.74% higher over the past week, respectively.