Shares of Penn National Gaming Inc. PENN slid 4.39% to $75.18 Monday, on what proved to be an all-around poor trading session for the stock market, with the NASDAQ Composite Index COMP falling 2.14% to 14,255.48 and Dow Jones Industrial Average DJIA falling 0.94% to 34,002.92. Penn National Gaming Inc. closed $66.82 below its 52-week high ($142.00), which the company achieved on March 15th.
The stock underperformed when compared to some of its competitors Monday, as Boyd Gaming Corp. BYD fell 0.59% to $66.01, Caesars Entertainment Inc. CZR fell 1.15% to $118.11, and Churchill Downs Inc. CHDN fell 0.34% to $246.79. Trading volume (5.6 M) eclipsed its 50-day average volume of 4.7 M.
Honeywell, Starbucks, and CenterPoint Energy all raised dividends last week in a light stretch for such actions.
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