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Barstool Sports Founder Sending Penn National Gaming Stock Higher Today

TheMotleyFool

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Barstool Sports Founder Sending Penn National Gaming Stock Higher Today

Shares of Penn National Gaming (NASDAQ: PENN) were going up today after a man named David Portnoy talked about the stock in a nationally televised interview. He sees Penn stock going much higher, and his followers are listening intently. As of 12:15 p.m. EDT, Penn stock was up a whopping 15%.

Penn National Gaming stock was absolutely crushed after it closed all of its casinos because of the coronavirus. However, its returns since then stretch credulity. The bottom was $3.75 per share, meaning it's approaching 10-bagger status in just three months.