Why Penn National Gaming Stock Headed Higher Today

Shares of Penn National Gaming (NASDAQ: PENN) headed much higher on Monday morning. As of 11:45 a.m. EDT, shares were trading up 13%. It appears investors are increasingly optimistic that casinos could soon reopen, which would be good for Penn National's business.

What a ride it's been for shareholders. Since bottoming out under $4 per share on March 18, Penn National's stock has skyrocketed a whopping 300%.

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Source Fool.com