Doubling Down on Penn National ($PENN)

Shares of Penn National Gaming ($PENN) have been trading sideways since we put out a Bullish Alert in June…Despite the lack of meaningful price action, underlying data for the company has grown even more bullish. We’re expecting to see some action to the upside soon.
Consumer Mentions of Penn National’s casinos and online betting platforms are surging higher: +34% QoQ and +48% YoY on a 90-day moving average.

Other Metrics are displaying similar strength on their respective 90d trendlines:

• Purchase Intent : +16% QoQ, +5% YoY
• Consumer Happiness: +5% QoQ, +14% YoY (80% positive!)

As if that wasn't enough, Mentions of Barstool SportsBook, PENN’s recently-launched mobile betting platform, are showing year-over-year strength, headed for new highs.

PENN shares are outpacing the market, up +7% on the day with no clear catalyst -- Bets to the upside are flowing.