Penn Entertainment Inc (PENN) Stock Split History

Penn Entertainment Inc has split its stock 5 times since its initial public offering (IPO). The first stock split occurred on May 24, 1996 with the ratio of 3-for-2, meaning that for 2 shares of PENN owned pre-split, shareholders then owned 3 shares. 4 more splits have been implemented since then. The most recent stock split took place on November 04, 2013 on a 4423-for-1000 basis.

These splits have increased PENN stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that these actions only change the number of shares and the price per share with no impact on Penn Entertainment Inc's total market capitalization.

For more detailed information of Penn Entertainment Inc's stock splits, view the table below:

The answer will depend on the decisions of the company's managers and market volatility. Penn Entertainment Inc has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when PENN stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Penn Entertainment Inc's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.