to $85 per share from $47 per share, saying its "Portnoy Momentum Trade" still has room to run. The firm referred to Barstool Sports, a sports media company led by Dave Portnoy, in which Penn National made a significant investment earlier this year.
— Shares of the restaurant and arcade chain rebounded from steep losses in after-hours trading, up more than 2%. Earlier, the stock dropped 26% after Wall Street Journal reported the company warned of bankruptcy if an agreement can't be reached with lenders.
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