Shares of Penn National Gaming Inc. PENN shed 5.21% to $74.67 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the NASDAQ Composite Index COMP falling 1.94% to 12,338.95 and Dow Jones Industrial Average DJIA falling 0.35% to 30,068.81. The stock's fall snapped a two-day winning streak. Penn National Gaming Inc. closed $5.07 below its 52-week high ($79.74), which the company reached on December 8th.
The stock underperformed when compared to some of its competitors Wednesday, as Boyd Gaming Corp. BYD fell 0.97% to $41.98, Caesars Entertainment Inc. CZR fell 4.64% to $71.78, and Churchill Downs Inc. CHDN rose 0.77% to $196.42. Trading volume (6.4 M) eclipsed its 50-day average volume of 5.1 M.