Pinnacle Entertainment drops sharply after breaking its 10-day moving average The stock is down over 6.6% at time of writing following a breakdown below support at the 10-day moving average. At the current price of $11.72, next support would be at $11.20. Resistance is at $11.90.
Gaming and Leisure could pay $42/share for Pinnacle, says JPMorgan JPMorgan believes Gaming and Leisure Properties (GLPI) could raise its offer for Pinnacle Entertainment (PNK) to $42 per share from the current $35.77 consideration. It thinks the offer at $42 would make financial sense for both companies. JPMorgan raised its price target for Gaming and Leisure to $40 from $36 and for Pinnacle to $42 from $36. It keeps Overweight ratings on both names.