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Pinnacle Entertainment (PNK) Catches Eye: Stock Jumps 8.4%

Zacks

Pinnacle Entertainment, Inc. PNK was a big mover last session, as the company saw its shares rise more than 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 24.2% in the past one-month time frame.

The stock gained after rumored news of merger discussions of the company with rival casino operator, Penn National Gaming Inc.

The company has seen three negative estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few months, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Pinnacle Entertainment, Inc. Price


Pinnacle currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

A better-ranked stock in the Consumer Discretionary sector is Wynn Resorts, Limited WYNN, which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is PNK going up? Or down? Predict to see what others think: Up or Down.

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