PENN Entertainment (PENN) Falls Hard on Prediction Market Threats

We recently published 10 Stocks Taking a Nosedive. PENN Entertainment Inc. (NASDAQ:PENN) is one of the worst performers on Wednesday. PENN Entertainment dropped for a 4th consecutive day on Wednesday, slashing 5.74 percent to close at $16.90 apiece as investors sold off positions in gaming stocks amid threats posed by the surging prediction markets. PENN Entertainment Inc. (NASDAQ:PENN) dropped alongside its counterparts, including Caesars Entertainment Inc. (NASDAQ:CZR), with the overall sector facing p ...