Shares of Penn National Gaming Inc. PENN, +2.78% rallied 2.78% to $48.11 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index COMP, +1.28% rising 1.28% to 14,194.45 and the Dow Jones Industrial Average DJIA, +1.06% rising 1.06% to 35,462.78. This was the stock’s second consecutive day of gains. Penn National Gaming Inc. closed $93.89 below its 52-week high ($142.00), which the company achieved on March 15th.
The stock outperformed some of its competitors Tuesday, as Boyd Gaming Corp. BYD, +0.91% rose 0.91% to $65.43, Caesars Entertainment Inc. CZR, +1.99% rose 1.99% to $82.36, and Churchill Downs Inc. CHDN, +2.22% rose 2.22% to $216.41. Trading volume (5.3 M) eclipsed its 50-day average volume of 4.7 M.