PENN
Penn Entertainment Inc. Consumer Discretionary - Casinos Investor Relations →
Penn Entertainment Inc. (PENN) closed at $13.67 as of 2026-03-20, trading 38.6% below its 200-week moving average of $22.27. This places PENN in the extreme value zone. The stock is currently moving closer to the line, down from -36.0% last week. The 14-week RSI sits at 47, indicating neutral momentum.
Trading volume is running at 1.1x of its 14-week average, which is in the normal range. The balance between buying and selling volume (1.14 ratio) is neutral — neither side is clearly dominating.
Over the past 1612 weeks of data, PENN has crossed below its 200-week moving average 15 times. On average, these episodes lasted 35 weeks. Historically, investors who bought PENN at the start of these episodes saw an average one-year return of +82.0%.
With a market cap of $1826 million, PENN is a small-cap stock. Free cash flow yield is currently negative, meaning the company is burning cash. Return on equity stands at -36.1%. The stock trades at 0.9x book value.
The company has been aggressively buying back shares, reducing its share count by 13.4% over the past three years.
Over the past 30.9 years, a hypothetical investment of $100 in PENN would have grown to $6910, compared to $2077 for the S&P 500. That represents an annualized return of 14.7% vs 10.3% for the index — confirming PENN as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been declining at a -100% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: PENN vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After PENN Crosses Below the Line?
Across 15 historical episodes, buying PENN when it crossed below its 200-week moving average produced an average return of +91.3% after 12 months (median +14.0%), compared to +9.5% for the S&P 500 over the same periods. 60% of those episodes were profitable after one year. After 24 months, the average return was +125.9% vs +27.8% for the index.
Each line shows $100 invested at the moment PENN crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
PENN has crossed below its 200-week MA 15 times with an average 1-year return of +82.0% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Dec 1997 | Dec 1997 | 1 | 4.1% | -20.0% | +2664.0% |
| May 1998 | Apr 2000 | 101 | 45.5% | -3.3% | +2445.8% |
| Dec 2000 | Jan 2001 | 4 | 14.8% | +188.5% | +2412.7% |
| Jun 2008 | Jan 2011 | 135 | 68.3% | -21.4% | +63.2% |
| Feb 2011 | Feb 2011 | 1 | 1.2% | +22.2% | +73.5% |
| Mar 2011 | Mar 2011 | 1 | 1.4% | +25.6% | +74.7% |
| Jul 2014 | Aug 2014 | 1 | 1.4% | +87.4% | +34.3% |
| Sep 2016 | Dec 2016 | 13 | 13.5% | +67.7% | +1.5% |
| Dec 2016 | Feb 2017 | 8 | 5.5% | +127.2% | -0.9% |
| Dec 2018 | Dec 2018 | 2 | 12.6% | +40.2% | -23.8% |
| Mar 2019 | Apr 2019 | 2 | 4.3% | -60.9% | -32.3% |
| Apr 2019 | Oct 2019 | 26 | 17.5% | -22.3% | -31.6% |
| Mar 2020 | May 2020 | 10 | 64.7% | +743.4% | -11.6% |
| Jan 2022 | Feb 2022 | 4 | 8.8% | -26.3% | -69.2% |
| Mar 2022 | Ongoing | 211+ | 68.0% | Ongoing | -68.0% |
| Average | 35 | — | +82.0% | — |
Frequently Asked Questions
Is PENN below its 200-week moving average?
Yes. As of 2026-03-20, Penn Entertainment Inc. (PENN) is trading 38.6% below its 200-week moving average of $22.27. The current price is $13.67.
What is PENN's 200-week moving average price?
Penn Entertainment Inc.'s 200-week moving average is $22.27 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when PENN drops below its 200-week moving average?
PENN has crossed below its 200-week moving average 15 times in our data. On average, buying at that moment produced a one-year return of +82.0%. These dips have historically been decent entry points. These episodes lasted 35 weeks on average.
Is PENN a good value right now?
Here's what our data says about PENN as of 2026-03-20: The stock is below its 200-week moving average, which is the starting point for our analysis. The 14-week RSI is 47. Free cash flow is currently negative. Return on equity is -36.1%. Price-to-book is 0.9x. This is not a buy or sell recommendation — always do your own research.
How does PENN compare to the S&P 500?
Over the past 30.9 years, $100 invested in PENN would have grown to $6910, compared to $2077 for the S&P 500. That's 14.7% annualized vs 10.3% for the index. PENN has outperformed the broader market over this period.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-03-20