NEW YORK, December 29, 2025, 05:10 ET — Premarket
- PENN was indicated little changed around $15.10 in early premarket trade.
- Investors are bracing for thin year-end volumes and Tuesday’s Fed minutes for clues on the 2026 rate path.
- Next company catalysts include the start of a $750 million buyback program on Jan. 1 and the next earnings report due Jan. 29, according to TradingView.
PENN Entertainment shares were indicated near $15.10 in premarket trading on Monday, little changed from recent levels after the stock’s roughly 3% rise in the last session.
The muted move comes as U.S. markets head into the final trading days of the year, a period when light participation can amplify stock swings.
Investors are focused on Tuesday’s release of minutes from the Federal Reserve’s latest meeting, which may offer more detail on policymakers’ thinking about interest rates.
“Momentum is certainly on the side of the bulls,” Paul Nolte, senior wealth adviser and market strategist at Murphy & Sylvest Wealth Management, said. Reuters
Major U.S. indexes have hovered near record peaks into year-end, with the S&P 500 about 1% below 7,000 and on track for its eighth straight monthly gain, Reuters reported.
PENN, a regional casino operator, also runs online sports betting (wagers placed via apps) and iCasino (online casino games such as slots and blackjack) businesses.
The company has been reshaping its digital strategy since it said in November it would end its ESPN BET partnership early and rebrand its U.S. sportsbook offering to theScore Bet.
As part of that unwind, Disney’s ESPN struck a new multi-year agreement with DraftKings, making it the official betting site and odds provider for ESPN’s sports networks, Reuters reported.
For PENN investors, attention is also on capital returns. The company said its board authorized a new $750 million share repurchase program that begins on Jan. 1, 2026.
TradingView data shows PENN is due to report its next results on Jan. 29.
Beyond the Fed minutes, investors are watching for any signal on who President Donald Trump will nominate as the next Fed chair when Jerome Powell’s term ends in May, Reuters reported.
Global markets have been underpinned by expectations of further U.S. rate cuts after the Fed lowered its policy rate range to 3.5%–3.75% this month; money markets are pricing two additional quarter-point cuts by September, a Reuters report said.
PENN’s strategy shift has put a premium on execution in online gambling while keeping promotional costs in check. Chief executive Jay Snowden said the move away from ESPN BET would sharpen the company’s focus on its digital iCasino business and cost efficiency.
