Shares of Penn National Gaming Inc. PENN, -4.85% slipped 4.85% to $48.28 Thursday, on what proved to be an all-around poor trading session for the stock market, with the NASDAQ Composite Index COMP, -1.56% falling 1.56% to 13,537.94 and Dow Jones Industrial Average DJIA, -0.29% falling 0.29% to 33,794.66. This was the stock’s third consecutive day of losses. Penn National Gaming Inc. closed $93.72 below its 52-week high ($142.00), which the company achieved on March 15th.
The stock underperformed when compared to some of its competitors Thursday, as Boyd Gaming Corp. BYD, -1.40% fell 1.40% to $69.10, Caesars Entertainment Inc. CZR, -3.42% fell 3.42% to $83.21, and Churchill Downs Inc. CHDN, -3.27% fell 3.27% to $235.97. Trading volume (4.1 M) remained 365,517 below its 50-day average volume of 4.5 M.