Shares of Penn National Gaming Inc. PENN, +5.61% rose 5.61% to $50.81 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index COMP, +2.08% rising 2.08% to 14,490.37 and the Dow Jones Industrial Average DJIA, +0.86% rising 0.86% to 35,768.06. This was the stock’s third consecutive day of gains. Penn National Gaming Inc. closed $91.19 short of its 52-week high ($142.00), which the company reached on March 15th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Boyd Gaming Corp. BYD, +6.22% rose 6.22% to $69.50, Caesars Entertainment Inc. CZR, +5.48% rose 5.48% to $86.87, and Churchill Downs Inc. CHDN, +2.53% rose 2.53% to $221.88. Trading volume (6.3 M) eclipsed its 50-day average volume of 4.7 M.