sports
Penn Entertainment Inc (NASDAQ: PENN) is up nearly 10% on Thursday following a report that Boyd Gaming Corporation (NYSE: BYD) is interested in buying the sports content and gambling company. Penn stock is still down some 20% versus the start of 2024. Boyd has approached Penn EntertainmentAnonymous sources told Reuters this morning that Boyd has already approached Penn Entertainment over a possible takeover. It is, however, uncertain whether the entertainment firm will initiate formal discussions with Boyd Gaming. Note that Penn will need approval from Disney as well to move forward with such ...
Invezz
Nike (NYSE: NKE) stock price is not doing well, making it one of the worst-performing name in the Dow Jones. It has crashed by over 47% from its highest level in 2021 and it formed a death cross on the weekly chart, pointing to more downside. The stock has also underperformed Adidas, its biggest competitor, which has surged by over 139% from its lowest point in 2023. Altogether, Nike has risen by 12% in the past five years while the S&P 500 index is up by almost 81% in the same period. On Holding is up to somethingA closer look shows that most industries are being disrupted by newer fast-growi...
Invezz
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