Shares of Penn National Gaming Inc. PENN, -4.14% slipped 4.14% to $47.27 Friday, on what proved to be an all-around poor trading session for the stock market, with the NASDAQ Composite Index COMP, -1.23% falling 1.23% to 13,548.07 and Dow Jones Industrial Average DJIA, -0.68% falling 0.68% to 34,079.18. This was the stock’s second consecutive day of losses. Penn National Gaming Inc. closed $94.73 below its 52-week high ($142.00), which the company reached on March 15th.
The stock underperformed when compared to some of its competitors Friday, as Boyd Gaming Corp. BYD, -1.23% fell 1.23% to $68.41, Caesars Entertainment Inc. CZR, -3.22% fell 3.22% to $79.28, and Churchill Downs Inc. CHDN, -2.58% fell 2.58% to $217.52. Trading volume (4.7 M) remained 55,826 below its 50-day average volume of 4.7 M.