Pinnacle Entertainment (PNK) Shares are Up 0.37%

Pinnacle Entertainment (PNK) has been under a strong bear grip, hence the stock is down -1.75% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.32% in the past 1 week. The stock has risen by 0.37% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.74% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 1.4% and the 50-Day Moving Average is 2.8%. Pinnacle Entertainment (NYSE:PNK): On Fridays trading session , Opening price of the stock was $10.94 with an intraday high of $11.02. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $10.74. However, the stock managed to close at $10.74, a loss of 1.65% for the day. On the previous day, the stock had closed at $10.92. The total traded volume of the day was 662,110 shares.


The company Insiders own 5.65% of Pinnacle Entertainment shares according to the proxy statements. Institutional Investors own 90.42% of Pinnacle Entertainment shares. Also, Equity Analysts at the Brokerage Firm, Telsey Advisory Group, upgrades their rating on the shares of Pinnacle Entertainment (NYSE:PNK). Telsey Advisory Group has a Outperform rating on the shares. Previously, the analysts had a Market Perform rating on the shares. The rating by the firm was issued on May 11, 2016.

Pinnacle Entertainment, Inc. (Pinnacle) is an owner, operator and developer of casinos and related hospitality and entertainment facilities. The key properties in the Companys Midwest segment include Ameristar Council Bluffs, Ameristar East Chicago, Ameristar Kansas City, Ameristar St. Charles, Belterra, River City and Belterra Park. The key properties in the Companys South segment include Ameristar Vicksburg, Boomtown Bossier City, Boomtown New Orleans, LAuberge Baton Rouge and LAuberge Lake Charles. The key properties in the Companys West segment include Ameristar Black Hawk and Cactus Petes and Horseshu. The Company owns and operates around 15 gaming entertainment properties in Colorado, Indiana, Iowa, Louisiana, Mississippi, Missouri, Nevada, and Ohio. It also holds a majority interest in the racing license owner, as well as a management contract, for Retama Park Racetrack located outside of San Antonio, Texas.

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