Shares of Penn National Gaming Inc. PENN, +8.52% rallied 8.52% to $78.63 Friday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index COMP, +0.82% rising 0.82% to 14,566.70 and the Dow Jones Industrial Average DJIA, +1.43% rising 1.43% to 34,326.46. The stock’s rise snapped a three-day losing streak. Penn National Gaming Inc. closed $63.37 below its 52-week high ($142.00), which the company achieved on March 15th.
The stock outperformed some of its competitors Friday, as Boyd Gaming Corp. BYD, +4.96% rose 4.96% to $66.40, Caesars Entertainment Inc. CZR, +6.42% rose 6.42% to $119.49, and Churchill Downs Inc. CHDN, +3.14% rose 3.14% to $247.62. Trading volume (6.2 M) eclipsed its 50-day average volume of 4.6 M.