US7075691094 - Common Stock
Penn Entertainment stock is up on Friday after one activist investor sent a letter to the company's Board of Directors pushing for a sale.
Penn Entertainment Inc. shares soared after an activist investor called for the sale of the casino company, saying a failed deal and growing pattern of guidance misses have damaged management’s credibility.
Sportsbooks face an uphill fight against higher taxes. They're out of state operators with government concessions. And DKNG stock is hurting.
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Nobody likes when one of their investments records a double miss on earnings.
DraftKings stock rose late Thursday as Q1 results ran ahead of expectations. Conference call set for Friday morning.
PENN stock results show that PENN Entertainment missed analyst estimates for earnings per share and missed on revenue for the first quarter of 2024.