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2023-08-23 07:14:48 ET Summary DraftKings' stock price has more than doubled YTD due to strong revenue growth and upgraded guidance, but the rally may be overdone. Increasing competition from new entrants like Fanatics and ESPN pose risks to DraftKings' market share. DraftKing...
2023-08-23 05:42:00 ET In the fast-paced world of online sports betting, the competition is fierce and unrelenting. Among the contenders, DraftKings (NASDAQ: DKNG) holds a prominent position as a top betting stock, drawing the attention of investors and enthusiasts alike. But no...
2023-08-16 21:12:00 ET Summary Baron is an asset management firm focused on delivering growth equity investment solutions known for a long-term, fundamental, active approach to growth investing. Since its inception over 27 years ago, the Baron Focused Growth Fund has increased 13....
2023-08-15 07:30:00 ET Penn National (NASDAQ: PENN) made one of the worst acquisitions in gaming when it bought Barstool Sports. In this video, Travis Hoium goes over just how quickly the deal went sideways. *Stock prices used were end-of-day prices of Aug. 10, 2023. The video...
2023-08-14 16:30:00 ET It was a surprise last week to learn that Disney (NYSE: DIS) is partnering with Penn Entertainment (NASDAQ: PENN) to promote online sports betting. But the deal looks like a big win for ESPN, as Travis Hoium covers in this video. *Stock prices us...
2023-08-14 15:59:00 ET Summary PENN Entertainment (PENN) is a deep-value stock with a market cap of $3.5 billion and a P/E ratio of 6x earnings. Penn's acquisition of Barstool Sports for $551 million was unsuccessful, but the company is now rebranding as ESPN Bet, capitalizing on ...
2023-08-14 09:30:00 ET A few days ago, Penn Entertainment (NASDAQ: PENN) announced a $2 billion deal with ESPN, sending shockwaves around the sports betting world. Let's look at Penn's partnership with the Disney -owned sports network, and why this deal could make sense for both...
2023-08-14 02:37:31 ET Summary Wynn Resorts has decided to pull back from the online gaming market due to low profitability and slower growth compared to its brick-and-mortar operations. The company's core business has shown resilience and growth, with a significant increase in re...
2023-08-11 13:52:45 ET Summary The Walt Disney Company subsidiary signs agreement with Penn Entertainment for sports betting, likely to have immediate short-term results and long-term growth. Disney's ESPN subsidiary gives them an advantage in the sports betting industry, potentia...
2023-08-11 12:39:28 ET PENN Entertainment ( NASDAQ: PENN ) disclosed on Friday that it registered just over 1.25M shares that could be sold by Dave Portnoy if he chooses. If the share offering was to be executed in full in the future, Portnoy would be down to a position of 226,8...
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2024-06-29 03:42:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
PENN Entertainment, Inc. (Nasdaq: PENN) announced today that it will release its 2024 second quarter financial results at 7:00 a.m. ET on Thursday, August 8, 2024 followed by a conference call and simultaneous webcast at 9:00 a.m. ET. Both the call and webcast are open to the general public. ...
PENN Entertainment is expanding its partnership with Ticketmaster to enhance PENN Play™, its industry-leading customer loyalty offering. Members can now connect their PENN Play Member Rewards and Ticketmaster accounts to use PENN Cash for tickets to concerts, sporting events and shows,...