2024.07.18
2016 mohegan sun casinoThe Tropicana in Las Vegas operated by Penn National, a stock traders are suddenly excited about. While PENN doesn’t have a tradition of buoyant earnings updates, some analysts are enthusiastic about the stock over the long-term.Last week, researchsycuan casino youtube firm Susquehanna initiated coverage of the casino operator with a “positive” rating, the equivalent of a “buy” and a price target, implying upside of more than 25 percent from Monday’s closing price.Traders buy call options to express a positive view on a stock while put options are employed to bet that the underlying equity will decline.Penn National, the operator of the Greektown Casino in Detroit, is expected to post earnings of 34 cents a share for the quarter ending June 30, down from 57 cents a year earlier.Analyst Chatter Over the past month, analysts revised profit estimates on Penn National higher by nearly 2 percent. table poker casino pauTurnover in the , , and calls also set to expire this month, totaled just 969 contracts with an hour left in the session, according to Nasdaq data.Further confirming that traders are enthusiastic on PENN, at least over the short-term, there was no accompanying unusual activity in put options on the stock. 16. The company says it will install new machines at the Rhode Island casinos, and will agree to a 0 million capital investment mandated in the 20-year contract extension, and maintain 1,100 jobs in the state.Economic StudyIGT financed a study on the economic benefits its operating of the Rhode Island Lottery and casino slot machines provides to the state. sam s town casino kansas city big dollar casino bonus code august 2021table games casino covidTurnover in the , , and calls also set to expire this month, totaled just 969 contracts with an hour left in the session, according to Nasdaq data.Further confirming that traders are enthusiastic on PENN, at least over the short-term, there was no accompanying unusual activity in put options on the stock. The company’s last four quarterly reports featured just two upside surprises. That is less than half the 8 percent returned this year by Red Rock Resorts, Inc. online casino no deposit signup bonus16. Their competition, Scientific Games, has made considerably more investment,” Twin River opines.IGT naturally disagrees. Chicago Mayor Lori Lightfoot (D) is asking city residents through an online survey for their input on where a casino resort should be located and what amenities it should feature. table mountain casino slots poker bingo more turtle lake casino phone numberviejas casino tier matchThey’re (traders) buying August calls here.”Options market data suggest traders are wagering shares of Penn National are poised to snap out of those doldrums and bets on the operator of casinos under the Ameristar and Hollywood brands come after the stock surged 8.6 persycuan casino youtubecent last week.Bullish Buying With about an hour left in Monday’s trading session, the August Penn National calls, the options mentioned above, had a volume of nearly 13,000 contracts, meaning buyers of those contracts are betting the stock moves above before the options expire on Aug. While PENN doesn’t have a tradition of buoyant earnings updates, some analysts are enthusiastic about the stock over the long-term.Last week, researchsycuan casino youtube firm Susquehanna initiated coverage of the casino operator with a “positive” rating, the equivalent of a “buy” and a price target, implying upside of more than 25 percent from Monday’s closing price.“There’s upside call activity. They’re (traders) buying August calls here.”Options market data suggest traders are wagering shares of Penn National are poised to snap out of those doldrums and bets on the operator of casinos under the Ameristar and Hollywood brands come after the stock surged 8.6 persycuan casino youtubecent last week.Bullish Buying With about an hour left in Monday’s trading session, the August Penn National calls, the options mentioned above, had a volume of nearly 13,000 contracts, meaning buyers of those contracts are betting the stock moves above before the options expire on Aug. 16. (Image: Booking.com)Entering Monday, Penn National was one of the worst-performing stocks in the regional gaming space with a year-to-date gain of just 3.5 percent. lucky creek casino legit aliante casino floor map |