Shares of Penn National Gaming Inc. PENN rallied 8.87% to $78.77 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index COMP rising 0.50% to 12,582.77 and the Dow Jones Industrial Average DJIA rising 0.35% to 30,173.88. This was the stock's second consecutive day of gains. Penn National Gaming Inc. hit a new 52-week high, surpassing its previous peak of $76.62, which the company achieved on September 18th.
The stock outperformed some of its competitors Tuesday, as Boyd Gaming Corp. BYD rose 0.88% to $42.39, Caesars Entertainment Inc. CZR rose 0.55% to $75.27, and Churchill Downs Inc. CHDN rose 1.56% to $194.92. Trading volume (7.4 M) eclipsed its 50-day average volume of 5.2 M.