$16.48
+0.35 (+2.17%)
PENN News20 articles
theScore Bet's $50 Bonus Is Invite-Only, PENN's Digital Loss Narrows
PENN's theScore Bet's $50 bonus is invite-only, not a public promo. Interactive loss narrowed to $9.5M in Q2, but profitability remains elusive.
PENN Entertainment Faces Steep Decline as Promotions Test Cost Discipline
PENN stock dropped 15.2% post-earnings. TheScore Bet's $1,000 reset may cost less than advertised, but investors question if H2 can break even.
DraftKings Surges 4.2% on NFL Renewal, Fanatics Joins Roster
DraftKings shares climbed 4.2% as the NFL renewed its sportsbook pact, adding Fanatics. Q2 handle rose 15% but revenue fell 4.6%.
DraftKings Stock Climbs 4.6% as Promo Push Sparks Customer Growth Concerns
DraftKings shares gained 4.55% to $26.17 on Friday, outperforming the Nasdaq, as a $150 bonus bet promotion drove customer acquisition. However, Q2 metrics show revenue per payer fell 13% while marketing expenses rose 38%.
DraftKings Rises 5% as MLB Promo Costs Cloud Margin Outlook
DraftKings stock climbed 5.3% as MLB promotions boosted interest, but Q2 results reveal declining revenue per user and compressed margins. Analysts see upside despite lowered targets.
DraftKings Rebounds 8% as Analysts See Margin Upside
DraftKings (DKNG) shares jumped 8% on Friday, rebounding from post-earnings losses, as analysts noted a potential margin improvement could offset the Q2 revenue miss.
Fertitta's $17.6B Caesars Buyout Gets Board Nod, Stock Lags Offer
Fertitta Entertainment buys Caesars for $17.6B ($31/share). CZR stock up 1.6% to $29.25, below offer. Go-shop until July 11 for higher bids.
BrewDog Creditors Face Pennies on the Pound After Tilray Acquisition
BrewDog plc unsecured creditors are set to recover under 1p per pound, while bar business creditors get nothing. Tilray's £33M acquisition leaves old shareholders empty-handed.
American Airlines: Each Penny of Fuel Cost Adds $50M to 2026 Expenses
American Airlines says each 1-cent fuel price increase adds $50M to 2026 expenses, with oil up 4% and shares down 2.7%. Unhedged exposure amplifies risk.
JCPenney's $15 Trade-In Deal Puts Off-Price Rivals on Alert
JCPenney's new $15 trade-in offer (Aug 28-30) targets off-price shoppers, but rivals like Ross (down 4.1%) remain strong. Analysts question long-term impact.
JCPenney Store Closures Test Mall Landlord Resilience
JCPenney's latest store closures, though a small fraction of its fleet, spotlight the challenges for mall landlords like Simon and Brookfield in managing anchor turnover and redevelopment.
Pennsylvania Gas Prices Slide Ahead of July Fourth, Still Above National Average
Pennsylvania gas prices fell 53.5 cents to $4.109/gallon ahead of July Fourth, but remain 74 cents above last year and 16 cents above the national average, according to AAA data.
Aditxt stock sinks to penny level amid Nasdaq delisting fears
Aditxt shares plunged 17% to $0.0109 amid heavy volume as Nasdaq delisting risk and Ignite Proteomics deal uncertainty overshadowed an insider purchase.
Pennsylvania Bill Targets Data Centers as Electricity Prices Surge
Pennsylvania House Republicans propose forcing large data centers to secure their own power and pay grid costs after electricity prices jumped statewide June 1.
Middle Eastern Penny Stocks Gain Attention as Regional Markets Rally
Middle Eastern penny stocks are drawing investor interest as regional markets rally, with Dubai leading gains and Egypt hitting record highs.
Middle Eastern Penny Stocks Shine Amid Market Turmoil
Middle Eastern penny stocks draw attention amid volatility. Orçay Ortaköy Çay posts sales but losses; Allmed Solutions pre-revenue. Live cattle futures rise.
PennyMac Faces Dual Probes After 33% Stock Crash Ahead of Q1 Earnings
Two shareholder-rights firms are probing PennyMac Financial Services for potential misleading statements before a 33% stock drop in January. The company reports Q1 earnings on May 5.
PennyMac Faces Dual Lawsuits After 33% Stock Crash on Servicing Income Drop
Rosen and Schall law firms probe PennyMac after a 33% one-day stock drop on January earnings, as servicing pretax income fell 76% quarter-over-quarter. Q1 results due May 5.
AI Jitters Push Five Penny Tech Stocks into Spotlight
Five US-listed penny tech stocks, including Fabric.AI and Kopin, are back in focus as AI-related market jitters hit the Nasdaq. New partnerships and financings fuel interest.
Wren Kitchens Shutters All US Operations, Layoffs in Pennsylvania
Wren US Holdings has closed all US showrooms and studios, leading to layoffs in northeastern Pennsylvania, reversing a 2020 expansion that promised 360 jobs.