Pinnacle Entertainment (PNK) Shares are Down -1.2%

Pinnacle Entertainment (PNK) has risen sharply, recording gains of 1.06% in the past 4 weeks. However, the stock has corrected -1.2% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.61% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

The stock has recorded a 20-day Moving Average of 2.82% and the 50-Day Moving Average is 6.77%.The 200 Day SMA reached 9.79%

Pinnacle

Pinnacle Entertainment (NYSE:PNK): After opening at $12.29, the stock dipped to an intraday low of $12.23 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $12.485 and the buying power remained strong till the end. The stock closed at $12.34 for the day, a gain of 0.82% for the day session. The total traded volume was 913,896. The stocks close on the previous trading day was $12.34.

Pinnacle Entertainment (PNK) : Currently there are 3 street experts covering Pinnacle Entertainment (PNK) stock. The most bullish and bearish price target for the stock is $19 and $12 respectively for the short term. The average price target of all the analysts comes to $15.33. The estimated standard deviation from the target is $3.51.

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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