A PENN Entertainment, Inc. (NASDAQ:PENN) insider increased its stake by 4.1% over the past year

View insider transactions for PENN Entertainment, Inc (NASDAQ:PENN) over the past year, we’ve seen insiders become net buyers. This means that more shares were bought by insiders relative to the shares sold.

While we believe shareholders should not simply track insider transactions, we believe it makes perfect sense to keep tabs on insider activity.

Check out our latest analysis for PENN Entertainment

The Last 12 Months of Insider Transactions at PENN Entertainment

Independent director Jane Scaccetti made the largest insider buy in 12 months. This single transaction involved $98,000 in shares at a price of $49.71 each. So it’s clear that an insider wanted to buy, even at a higher price than the current share price ($32.69). While their opinions may have changed since the purchase, it at least suggests they had confidence in the company’s future. It is very important to us to consider the price that insiders pay for shares. It’s encouraging to see an insider being paid above the current stock price, as it suggests they’ve seen value even at higher levels. Jane Scaccetti was the only single insider to buy shares in the past 12 months.

You can see insider transactions (of companies and individuals) over the past year in the chart below. If you want to know exactly who sold how much and when, just click on the graphic below!

Insider Trading Volume

Insider Trading Volume

PENN Entertainment isn’t the only stock insiders are buying. So check this out free List of Growing Insider Buying Companies.

Insider ownership of PENN Entertainment

Many investors like to check how much of a company is owned by insiders. A high proportion of insiders often means that the company management takes the interests of the shareholders more into account. It appears that PENN Entertainment insiders own 1.9% of the company, valued at about $96 million. While that’s a strong but not stellar level of insider ownership, it’s enough to indicate some alignment between management and smaller shareholders.

What could the insider transactions at PENN Entertainment tell us?

The fact that there hasn’t been any insider trading from PENN Entertainment lately certainly doesn’t bother us. But insiders have shown more appetite for the stock over the past year. Insiders own shares in PENN Entertainment and we see no sign that they are concerned about the future. In addition to knowing about ongoing insider transactions, it is beneficial to identify the risks PENN Entertainment faces. At Simply Wall Street we found 2 warning signs for PENN Entertainment that deserve your attention before you buy stocks.

If you’d prefer to look at another company — one with potentially superior financials — then don’t miss it free List of interesting companies with HIGH return on equity and low debt.

For the purposes of this article, insiders are individuals who report their transactions to the relevant regulator. We currently account for open market transactions and private dispositions, but not derivatives transactions.

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This Simply Wall St article is of a general nature. We provide comments based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended as financial advice. It is not a recommendation to buy or sell any stock and does not take into account your goals or financial situation. Our goal is to offer you long-term focused analysis based on fundamental data. Note that our analysis may not take into account the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any of the stocks mentioned.

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