{"id":149883,"date":"2020-09-24T09:27:05","date_gmt":"2020-09-24T16:27:05","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=149883"},"modified":"2020-09-24T10:52:02","modified_gmt":"2020-09-24T17:52:02","slug":"penn-natioanl-shares-slump-on-new-of-massive-share-sale","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/penn-natioanl-shares-slump-on-new-of-massive-share-sale\/","title":{"rendered":"Penn National Capitalizing on Hot Stock with Secondary Offering, Investors Balk"},"content":{"rendered":"
Penn National Gaming (NASDAQ:PENN) slumped Thursday after the company said it’s selling 14 million shares of equity. It’s a move that will raise capital, but also dilute current investors. On the news, the stock is lower by more than three percent in midday trading.<\/p>\n