Founder Dave Portnoy made a reference to his Penn stock and said he was going to sit on it during his emergency news conference when he announced his decision to repurchase Barstool Sports.
"I still have a huge amount of Penn stock. Because I believe it will increase, I'll probably hold it, Portnoy stated at the time.
Penn Entertainment informed the SEC that Portnoy plans to sell 1.25 million dollars of the 1.48 million shares he now holds (his stock represents around 1% ownership of the firm), as Sportico initially disclosed on Friday. Even if it's not a warranty, the document
"I still have a huge amount of Penn stock. Because I believe it will increase, I'll probably hold it, Portnoy stated at the time.
Penn Entertainment informed the SEC that Portnoy plans to sell 1.25 million dollars of the 1.48 million shares he now holds (his stock represents around 1% ownership of the firm), as Sportico initially disclosed on Friday. Even if it's not a warranty, the document