PENN Entertainment is a provider ofintegrated entertainment, sports content, and casino gaming experiences. Co. operates online sports betting and iCasino under a portfolio of brands including Hollywood Casino®, L'Auberge®, Barstool Sportsbook®, and theScore Bet Sportsbook and Casino®. Co. is focused on retail casinos, sports media assets, technology, including digital sports and iCasino betting platform, and an in-house iCasino content studio. Co. has five reportable segments: Northeast, South, West, Midwest, and Interactive. We show 56 historical shares outstanding datapoints in our PENN shares outstanding history coverage, used to compute PENN market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing Penn National Gaming market cap history over the course of time is important for investors
interested in comparing Penn National Gaming's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of Penn National Gaming versus a peer is one thing; comparing
Penn National Gaming market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like Penn National Gaming can fluctuate over the course of history.
With this page we aim to empower investors researching Penn National Gaming by allowing them to research the Penn National Gaming market cap history. |
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Video: The Importance of Market Cap
