Pinnacle Entertainment is an owner, operator and developer of casinos and related hospitality and entertainment businesses. Co. owns and operates 16 gaming, hospitality and entertainment businesses in Ohio, Colorado, Indiana, Iowa, Louisiana, Mississippi, Missouri, Nevada, and Pennsylvania. Co. also holds a majority interest in the racing license owner, and Co. is a party to a management contract, for Retama Park Racetrack located outside of San Antonio, TX. Additionally, Co. owns and operates a live and televised poker tournament series under the trade name Heartland Poker Tour. We show 2 historical shares outstanding datapoints in our PNK shares outstanding history coverage, used to compute PNK market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing PNK market cap history over the course of time is important for investors
interested in comparing PNK'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 PNK versus a peer is one thing; comparing
PNK 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 PNK can fluctuate over the course of history.
With this page we aim to empower investors researching PNK by allowing them to research the PNK market cap history. |
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Video: The Importance of Market Cap
