1 Undervalued Growth Stock Down 81% to Buy Hand Over Fist in 2024

By Parkev Tatevosian, CFA – Jan 5, 2024 at 6:30AM

NASDAQ: PENN

Penn Entertainment

Market Cap

$3B

Today's Change

(-1.92%) -$0.33

Current Price

$16.86

Price as of April 26, 2024, 4:00 p.m. ET

Away-from-home entertainment remains in high demand as people are tired of being cooped up in their homes.

Fool.com contributor Parkev Tatevosian discusses why this beaten-down growth stock makes an excellent investment for long-term investors.

*Stock prices used were the afternoon prices of Jan. 2, 2024. The video was published on Jan. 4, 2024.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool recommends the following options: long January 2025 $25 calls on Penn Entertainment and short January 2025 $30 calls on Penn Entertainment. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.