PENN

PENN Entertainment's stock experienced several notable events in the past six months, approximately March to September 2026. In April 2026, PENN reported Q1 2026 earnings, showing a 362% year-over-year jump in online casino revenue and a $70 million decrease in digital division losses, which led to a 'Positive' outlook revision from S&P Global Ratings. Stifel upgraded PENN's price target from $23 to $25 in June 2026, maintaining a 'Buy' rating due to confidence in the company's profit-focused iGaming strategy. Also in June 2026, the company closed its Hollywood Casino Aurora riverboat property and opened a new land-based casino. In August 2026, PENN reported Q2 2026 earnings with an EPS of $0.44, beating expectations, and revenue of $1.86 billion, up 5.2% year-over-year, while also announcing plans to relocate and rebrand Boomtown Casino New Orleans. In September 2026, PENN held a groundbreaking ceremony for the future Hollywood Casino Hotel Council Bluffs, a new land-based casino intended to replace Ameristar Council Bluffs by 2028, as part of its strategy to shift to land-based resort formats. Also in September 2026, Bank of America Corp DE acquired a new position of 5.1 million PENN shares, valued at approximately $108.9 million, representing about 3.8% of PENN Entertainment. Overall, PENN's stock rallied 48.6% in the six months leading up to early September 2026, driven by stronger retail execution, momentum from new properties, and significant improvement in Interactive segment profitability.