Pinnacle Entertainment Inc. ( PNK ) was a big mover last session, as the company saw its shares rise almost 6% on the day. The upside came after Gaming and Leisure Properties ( GLPI ) revised its bid for the casino operator's real estate assets. This development led to more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $36.82 to $38.03 in the past one-month time frame.
The company's Zacks Consensus Estimate moved higher over the past 30 days though there were no estimate revisions over the same time frame, suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if yesterday's jump can turn into more strength down the road.
Pinnacle Entertainment currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.