The Memorial Clarence Shepard Day Jr. trading calendar week for US equity markets commences on Tuesday, May 31 as exchanges are shut Mon inwards observance of the holiday. With the holiday shortened trading week beckoning, there are some trends to consider, including on that pertains to Penn National Gaming (NASDAQ:PENN).

Put simply, o'er the past times decade, the regional gambling casino giant is one of the worst-performing names inwards the S&P 500 during the Memorial Clarence Shepard Day Jr. trading week. To be fair, stocks of all stripes often struggle in this clip frame with the first 24-hour interval of the week — Tues — setting the ominous tone.

Since 2010, despite a bullish marketplace overall, Memorial Clarence Shepard Day Jr. Week has struggled. Tues is i conclude for the poor hebdomadary payoff averaging a cold-shoulder red ink with simply fin of 12 returns positive,” according to Schaeffer’s Investment Research. “The briny culprit for the unfit hebdomad has been horrible Fridays. Since 2010, Friday of Memorial Clarence Shepard Day Jr. week has averaged a red ink of 0.63% with just now 42% of those years positive.”

Penn is the only gaming equity on the research firm’ s historical lean of the 25 worst-performing S&P 500 components during Memorial Clarence Day week and it’s unity of tierce travel and leisure names inward the group. Chipotle and McDonald’s are the others. No gambling casino stocks are section of the lean of 25 teetotum gainers for the upcoming week.

Near-Term Pain Possible for Penn Stock

Penn’s mean(a) Memorial Clarence Day calendar week carrying out over the past tense decade is a red ink of 1.32% and the stock up traded higher in simply triplet of those 10 occasions, according to Schaeffer’s data.

Just threesome stocks, including McDonald’s intermediate steeper Memorial Clarence Shepard Day Jr. calendar week losses. On the hand, in that location are no more guarantees these historical trends repetition every year. Plus, US stocks are coming away their best hebdomadary showing since November with Penn posting a win of 1.54% for the hebdomad conclusion May 27.

Additionally, some other historical information points are worth noting in throw out of the May 31 trading session.

“The longer-term Memorial Day calendar week has outperformed the typical hebdomad for stocks. The index finger averages a 0.52% gain during the holiday calendar week but just now a 0.17% pull in during any other week. In more recent years though, on that point has been an alone different story. The S&P 500 declined an medium of 0.50% during Memorial Clarence Shepard Day Jr. hebdomad and was down as many times as it was up. Since 2010, the typical week has averaged a 0.22% earn with nearly 60% of them positive,” notes Schaeffer’s.

Potential Positives for Penn

While it’s inconceivable to snub the fact Penn inventory is get down past almost 38% year-to-date, on that point are some potentiality positives to consider.

First, some analysts believe the largest regional casino operator’s shares offer credible value at electric current levels. Penn gillyflower appears discounted relative to peers, and the electric current divvy up terms doesn’t adequately reverberate potency growing from iGaming, Barstool Sportsbook, and theScore in Canada.

Second, it’s possible that regular against the background of richly gas prices, summertime traveling activity is brisk. That could bring home the bacon bread and butter for Penn’s land-based casinos.