Shares of Penn National Gaming Inc. PENN, -6.72% slid 6.72% to $39.02 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the NASDAQ Composite Index COMP, -2.22% falling 2.22% to 13,888.82 and Dow Jones Industrial Average DJIA, -0.42% falling 0.42% to 34,496.51. This was the stock’s second consecutive day of losses. Penn National Gaming Inc. closed $67.75 short of its 52-week high ($106.77), which the company reached on April 8th.
The stock underperformed when compared to some of its competitors Wednesday, as Boyd Gaming Corp. BYD, -4.09% fell 4.09% to $62.61, Caesars Entertainment Inc. CZR, -6.67% fell 6.67% to $72.01, and Churchill Downs Inc. CHDN, -5.28% fell 5.28% to $209.93. Trading volume (6.0 M) eclipsed its 50-day average volume of 4.4 M.