Craig-Hallum Upgrades Penn National Gaming (PENN) to Buy, 'M&A Interest, Activist Involvement'

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PENN Entertainment (PENN) call put ratio 11.6 calls to 1 put

June 21, 2024 6:09 AM EDT

PENN Entertainment (NASDAQ: PENN) 30-day option implied volatility is at 60; compared to its 52-week range of 37 to 75 after Reuters report on Boyd takeover approach. Call put ratio 11.6 calls to 1 put.

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Boyd Gaming (BYD) makes acquisition approach to Penn Entertainment (PENN) - Reuters

June 20, 2024 3:33 PM EDT

(Updated - June 20, 2024 3:35 PM EDT)

Boyd Gaming (NYSE: BYD) makes acquisition approach to Penn Entertainment (NASDAQ: PENN) - Reuters

Boyd Gaming has approached Penn Entertainment with interest to acquire the latter.Any deal... More

PENN Entertainment (PENN) shares spike on Boyd (BYD) deal rumors

June 20, 2024 3:32 PM EDT

(Updated - June 20, 2024 3:37 PM EDT)

PENN Entertainment (NASDAQ: PENN) shares are spiking on unusual volume late into Thursday session, after a report by Reuters suggesting the company may have been approached by its peer Boyd Gaming (NYSE: BYD) with a takeover proposal. The stock experienced a brief volatility halt.

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