Pinnacle Entertainment (PNK) : Traders are bullish on Pinnacle Entertainment (PNK) as it has outperformed the S&P 500 by a wide margin of 14.26% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.92%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.45% in the last 1 week, and is up 14.11% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 5.97% and the 50-Day Moving Average is 9.14%.The 200 Day SMA reached 10.05%. Pinnacle Entertainment, Inc is up 10.8% in the last 3-month period. Year-to-Date the stock performance stands at 16.29%.
Pinnacle Entertainment (NYSE:PNK): After opening at $12.21, the stock dipped to an intraday low of $12.14 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $12.27 and the buying power remained strong till the end. The stock closed at $12.21 for the day, a gain of 0.58% for the day session. The total traded volume was 429,637. The stocks close on the previous trading day was $12.14.
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.