PENN Entertainment, Inc. (PENN) represents a narrative of strategic adaptation, diversification, and remarkable resurgence, transitioning from a modest gaming and racing entity into a prominent player in the entertainment and online gaming industry.
Its journey through the stock market, characterized by significant yearly performance shifts, highlights PENN’s capacity to navigate the complexities and dynamics of the entertainment sector. This story is not just about growth; it’s a testament to PENN’s enduring commitment to innovation and its ability to capitalize on evolving market trends and opportunities.
Annual Returns of PENN Entertainment Stock (PENN)
| Year | Beginning | Ending | Gain/Loss | S&P 500 |
|---|---|---|---|---|
| 2023 | $29.27 | $26.02 | -11.10% | 24.73% |
| 2022 | $50.64 | $29.70 | -41.35% | -19.95% |
| 2021 | $80.89 | $51.85 | -35.90% | 28.79% |
| 2020 | $26.14 | $86.37 | 230.41% | 15.29% |
| 2019 | $19.45 | $25.56 | 31.41% | 28.71% |
| 2018 | $30.74 | $18.83 | -38.74% | -7.01% |
| 2017 | $14.10 | $31.33 | 122.20% | 18.42% |
| 2016 | $15.80 | $13.79 | -12.72% | 11.24% |
| 2015 | $13.48 | $16.02 | 18.84% | -0.69% |
| 2014 | $14.16 | $13.73 | -3.04% | 12.39% |
| 2013 | $11.37 | $14.33 | 26.03% | 26.39% |
| 2012 | $8.61 | $11.10 | 28.93% | 11.68% |
| 2011 | $7.83 | $8.61 | 10.00% | -1.12% |
| 2010 | $6.27 | $7.95 | 26.67% | 11.00% |
| 2009 | $5.19 | $6.15 | 18.47% | 19.67% |
| 2008 | $13.47 | $4.83 | -64.11% | -37.58% |
| 2007 | $9.27 | $13.46 | 45.24% | 3.65% |
| 2006 | $7.64 | $9.41 | 23.25% | 11.78% |
| 2005 | $6.74 | $7.45 | 10.57% | 3.84% |
| 2004 | $2.60 | $6.84 | 163.03% | 9.33% |
| 2003 | $1.90 | $2.61 | 37.46% | 22.32% |
| 2002 | $1.68 | $1.79 | 6.87% | -23.80% |
| 2001 | $0.58 | $1.71 | 194.21% | -10.53% |
| 2000 | $0.54 | $0.58 | 7.24% | -9.27% |
| 1999 | $0.39 | $0.51 | 30.91% | 19.64% |
| 1998 | $0.55 | $0.40 | -28.21% | 26.07% |
| 1997 | $0.88 | $0.55 | -37.10% | 31.67% |
| 1996 | $0.24 | $0.81 | 229.64% | 19.33% |
| 1995 | $0.13 | $0.24 | 83.93% | 34.16% |
| 1994 | $0.19 | $0.12 | -35.00% | -1.33% |
The table above displays the PENN Yearly Return Rate, highlighting PENN Entertainment’s annual stock performance on a split-adjusted basis. This data does not include dividends, stock spin-offs, taxes, or transaction commissions.
PENN Entertainment (PENN) Stock History
The Early Years: Foundation and Initial Growth (1994-1999)
PENN Entertainment’s journey began in the mid-90s, marked by its initial public offering. Starting at a modest valuation in 1994, the company faced early challenges, evidenced by a -35.00% decline in its stock performance.
However, this period laid the foundation for resilience and growth. By 1995, PENN began to showcase its potential with an 83.93% increase, underscoring its ability to recover and grow.
The period culminated in 1999 with a 30.91% gain, reflecting the company’s burgeoning promise in the entertainment and gaming industry.
Growth and Volatility (2000-2009)
The turn of the millennium heralded a period of significant volatility but also remarkable growth for PENN Entertainment. Starting the decade with a modest 7.24% gain in 2000, the company experienced its most dramatic growth in 2001, with an impressive 194.21% increase.
This era was characterized by rapid expansion and the inherent challenges of scaling, with the stock experiencing both steep declines, such as the -64.11% drop in 2008 during the financial crisis, and substantial gains, notably the 229.64% increase in 1996.
Strategic Expansion and Diversification (2010-2019)
This decade marked a pivotal phase in PENN’s history, focusing on strategic expansion and diversification. The company consistently realized positive gains, starting the decade with a 26.67% increase in 2010. Notably, in 2013 and 2015, PENN achieved 26.03% and 18.84% gains, respectively, illustrating its steady growth amidst the evolving gaming and entertainment landscape.
The period’s highlight was in 2019, with a 31.41% gain, reflecting PENN’s successful adaptation to market demands and its strategic initiatives to diversify its offerings and strengthen its market position.
Turbulence and Recovery (2020-Present)
The recent years for PENN Entertainment have been a rollercoaster, characterized by unprecedented turbulence and a strong recovery. The year 2020 was a landmark, with the stock soaring by 230.41%, driven by strategic investments in online gaming and digital expansion.
However, this growth was followed by significant setbacks in 2021 and 2022, with -35.90% and -41.35% declines, respectively, reflecting the challenges of the pandemic and market volatility.
Despite these challenges, PENN Entertainment has persisted in its efforts to adapt, though the path to recovery remains uncertain in a post-pandemic world. The -11.10% dip in 2023, against the backdrop of a slowly recovering economy, underscores the ongoing struggles facing PENN stock, reflecting the company’s ongoing battle with market volatility and operational hurdles.