Penn Entertainment Inc (PENN US, +1, 04-Sep-24)

Jay Snowden (CEO since 2020, joined 2011) purchased $1 million worth of stock on September 3rd at $18.44, increasing his holdings by 4% to 853,045 shares. 

This is his sixth purchase and his largest. His last purchase was via a subscription in May 2020 at $18, and he has been a seller since 2021 at higher prices. 

We ranked this stock +N on June 3rd based on large purchases from David Handler (Chair since 2019, joined 1994), Felicia Hendrix (CFO, joined 2021) around $15.25 per share. The stock has moved a little higher, and seeing the CEO make his largest purchase is encouraging. 

We are increasing our rank from +N to +1 (strongly positive).