NVIDIA launches Jetson Thor robotics computers for physical AI systems
Jay A. Snowden, CEO and President of PENN Entertainment, Inc. (NASDAQ:PENN), recently made a significant purchase of the company’s stock, a notable move considering the stock’s 26% decline year-to-date and current market capitalization of $2.07 billion. According to a recent filing, Snowden acquired 34,000 shares of common stock on May 22, 2025. The shares were bought at a weighted average price of $14.699, with the total transaction amounting to approximately $499,766.
This purchase increases Snowden’s total holdings to 1,082,625 shares. The transaction was carried out in multiple trades, with prices ranging from $14.66 to $14.8149 per share. Snowden’s acquisition reflects his continued investment in the company, where he holds a dual role as both CEO and President.
In other recent news, PENN Entertainment Inc. reported first-quarter revenues of $1.67 billion, falling short of the anticipated $1.70 billion consensus. The company’s adjusted EBITDAR also missed estimates, coming in at $329 million against a forecast of $351.5 million. Severe winter weather and the absence of a one-time accounting benefit were cited as factors affecting these results. In response to these earnings, Benchmark maintained a Hold rating on PENN’s shares, while Mizuho (NYSE:MFG) Securities and Macquarie both adjusted their price targets to $24, retaining their Outperform ratings.
Additionally, PENN Entertainment announced the nomination of two candidates proposed by HG Vora Capital Management for its Board of Directors. This move is part of PENN’s ongoing engagement with HG Vora and reflects its commitment to shareholder interests. HG Vora has been actively seeking changes in PENN’s board composition and has filed a legal motion to ensure votes for its director nominees are counted in the upcoming annual meeting.
PENN’s interactive segment showed improvement with reduced AEBITDA losses, and the company remains on track to achieve profitability in this area by the fourth quarter of 2025. Despite challenges, PENN has seen a recovery in gaming volumes and plans to accelerate the return of capital to shareholders, including a commitment to repurchase at least $350 million of common stock in 2025.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.