The stock would close slightly lower which prompted Deutsche Bank analyst Carlo Santarelli to say that the post-earnings selloff in shares “makes little sense.” He views the company’s earnings report as solid and attributes the share weakness to “trading oriented positioning.” Mr. On the company’s last earnings release, they reported: On Friday, May 5th, we highlighted the buyers of 9,000 October 2 2 Calls for 0.50 – 0.55, approximately a $550,000 bullish bet on 23x daily average call volume. As of the first quarter, the company operates approximately 35,000 gaming machines, 800 table games, and 4,600 hotel rooms in 27 facilities throughout seventeen different jurisdictions, including Florida, Illinois, Indiana, Maine, Massachusetts, Maryland, Mississippi, Nevada, New Jersey, New Mexico, and others. Pennsylvania-based Penn National Gaming owns, operates, and has ownership interests in gaming and racing facilities and video gaming terminal operations with a focus on slot machine entertainment. Penn National Gaming (PENN) – The Big Tunica
