PENN Entertainment, Inc. is a provider of integrated entertainment, sports content and casino gaming experiences. Co. operates over 43 properties in 20 states, online sports betting in 18 jurisdictions and iCasino in five jurisdictions, under a portfolio of brands, including Hollywood Casino, L'Auberge, ESPN BET, and theScore Bet Sportsbook and Casino. Its segments include Northeast, South, West, Midwest, and Interactive. The Northeast segment include Ameristar East Chicago, Hollywood Casino Columbus, Hollywood Casino at Greektown, and Hollywood Casino at PENN National Race Course. We show 61 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 market cap history over the course of time is important for investors
interested in comparing PENN'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 versus a peer is one thing; comparing
PENN 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 can fluctuate over the course of history.
With this page we aim to empower investors researching PENN by allowing them to research the PENN market cap history. |
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Video: The Importance of Market Cap
