PENN Entertainment stock slides 6% as last week’s rally fades — here’s what traders watch next
PENN Entertainment shares fell 6.1% to $14.68 Monday morning, erasing part of last week’s rally after earnings and a Wells Fargo upgrade. The drop came as U.S. indexes opened lower amid Middle East tensions and higher energy prices. PENN’s recent gains followed CEO Jay Snowden’s guidance for break-even adjusted EBITDA in its Interactive unit by 2026. The company recently added directors after pressure from activist investor HG Vora.