PENN shares rise as NASDAQ and Dow Jones post gains

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PENN shares rise as NASDAQ and Dow Jones post gains

WALL STREET - In a buoyant trading session today, PENN Entertainment Inc. saw its stock price increase to $24.40, indicating a 1.62% rise and marking the company's second straight day of gains. The performance comes despite the shares trading $13.52 below their annual high of $37.92.

Amidst this positive momentum, key market indicators also advanced. The NASDAQ Composite Index closed slightly up at 14,103.84, a modest increase of 0.07%. Similarly, the Dow Jones Industrial Average edged higher, ending the day at 34,991.21, which translates to a 0.47% gain.

PENN's climb outpaced several of its industry peers, with Las Vegas Sands (NYSE: LVS ) Corp., DraftKings (NASDAQ: DKNG ) Inc., and MGM Resorts (NYSE: MGM ) International closing at $49.28, $36.62, and $40.63 respectively. The uptick in PENN's stock underscores a broader trend of investor confidence in the entertainment sector as the company outperformed these competitors in today's session.

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