Shares of Penn National Gaming Inc. PENN, -11.74% plunged 11.74% to $40.91 Monday, on what proved to be an all-around rough trading session for the stock market, with the NASDAQ Composite Index COMP, -3.62% falling 3.62% to 12,830.96 and Dow Jones Industrial Average DJIA, -1.93% falling 2.37% to 32,817.38. This was the stock’s fifth consecutive day of losses. Penn National Gaming Inc. closed $101.09 below its 52-week high ($142.00), which the company reached on March 15th.
The stock underperformed when compared to some of its competitors Monday, as Boyd Gaming Corp. BYD, -10.44% fell 10.44% to $60.05, Caesars Entertainment Inc. CZR, -11.62% fell 11.62% to $69.64, and Churchill Downs Inc. CHDN, -9.96% fell 9.96% to $204.40. Trading volume (6.3 M) eclipsed its 50-day average volume of 4.5 M.