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One PENN Entertainment, Inc. (NASDAQ:PENN) insider upped their stake by 4.1% in the previous year

Viewing insider transactions for PENN Entertainment, Inc.'s (NASDAQ:PENN ) over the last year, we see that insiders were net buyers. This means that a larger number of shares were purchased by insiders in relation to shares sold.

Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.

See our latest analysis for PENN Entertainment

The Last 12 Months Of Insider Transactions At PENN Entertainment

The Independent Director Jane Scaccetti made the biggest insider purchase in the last 12 months. That single transaction was for US$98k worth of shares at a price of US$49.71 each. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$32.69). While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. To us, it's very important to consider the price insiders pay for shares. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. Jane Scaccetti was the only individual insider to buy shares in the last twelve months.

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You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

insider-trading-volume
insider-trading-volume

PENN Entertainment is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Insider Ownership Of PENN Entertainment

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that PENN Entertainment insiders own 1.9% of the company, worth about US$96m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

What Might The Insider Transactions At PENN Entertainment Tell Us?

The fact that there have been no PENN Entertainment insider transactions recently certainly doesn't bother us. But insiders have shown more of an appetite for the stock, over the last year. Insiders own shares in PENN Entertainment and we see no evidence to suggest they are worried about the future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing PENN Entertainment. At Simply Wall St, we found 2 warning signs for PENN Entertainment that deserve your attention before buying any shares.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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