Resorts & Casinos Stocks Technical Report -- Diamond Resorts Intl., Penn National Gaming, La Quinta, and Pinnacle Entertainment

Aug 09, 2016, 09:33 ET from Chelmsford Park SA

NEW YORK, August 9, 2016 /PRNewswire/ --

Currently under evaluation on is the Resorts and Casinos industry, which includes lodging and leisure establishments that provide recreational amenities and services. Our stocks in review are Diamond Resorts International Inc. (NYSE: DRII), Penn National Gaming Inc. (NASDAQ: PENN), La Quinta Holdings Inc. (NYSE: LQ), and Pinnacle Entertainment Inc. (NASDAQ: PNK). Today's research reports on the aforementioned stocks are downloadable for free upon registration at:

Diamond Resorts Intl. 

Las Vegas, Nevada headquartered Diamond Resorts International Inc.'s stock finished Monday's session 0.44% higher at $29.51. A total volume of 2.87 million shares was traded, which was above their three months average volume of 2.28 million shares. The Company's shares have advanced 48.59% in the previous three months and 15.68% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 7.98% and 21.89%, respectively. Additionally, shares of Diamond Resorts International, which operates in the hospitality and vacation ownership industry in the continental US, Hawaii, Canada, Mexico, the Caribbean, Central America, South America, Europe, Asia, Australia, New Zealand, and Africa,  have a Relative Strength Index (RSI) of 54.31.

On August 8th, 2016, Diamond Resorts International reported that total revenue for Q2 2016 increased $14.2 million, or 6.1%, to $245.7 million from revenue of $231.50 million in Q2 2015. Net income for Q2 2016 decreased $10.1 million, or 28.5%, to $25.5 million during the quarter as compared with net income of $35.64 million in the year ago quarter. Visit us today and access our complete research report on DRII at:

Penn National Gaming  

On Monday, shares in Wyomissing, Pennsylvania-based Penn National Gaming Inc. ended the session 0.27% lower at $14.81. The stock recorded a trading volume of 1.44 million shares, which was higher than its three months average volume of 1.19 million shares. The Company's shares have gained 7.55% in the last one month. The stock is trading 2.56% above its 50-day moving average. Moreover, shares of Penn National Gaming, which owns and manages gaming and racing facilities, and operates video gaming terminals with a focus on slot machine entertainment, have an RSI of 55.86.

On July 29th, 2016, research firm Telsey Advisory Group reiterated its 'Outperform' rating on the Company's stock while it decreased the target price of the stock from $25 a share to $21 a share.

On August 3rd, 2016, the company announced that it acquired Rocket Games, Inc., a leading developer of social casino games, for approximately $60 million cash, subject to working capital and other adjustments, including potential earn-out payments for certain members of the Rocket Games management team. The earn-out payments over the next two years will be based on a multiple of 6.25 times Rocket's then-trailing twelve month earnings before interest, taxes, depreciation and amortization ("EBITDA"), subject to a cap of $110 million for the earn-out. The transaction is expected to be immediately accretive to Penn National's operating results. The complimentary report on PENN can be downloaded at:

La Quinta Holdings  

Irving, Texas headquartered La Quinta Holdings Inc.'s stock closed the session flat at $11.72 and with a total volume of 577,322 shares traded. Shares of the Company, which owns, operates, and franchises select-service hotels under the La Quinta brand, are trading 0.97% below their 50-day moving average. The stock has an RSI of 42.68.

On August 2nd, 2016, the company reported GAAP net income of $14.8 million and GAAP net income per share of $0.13 for Q2 2016 as compared to GAAP net loss of $4.66 million and GAAP net loss per share of $0.04 in Q2 2015. During the quarter, the company generated revenue of 269.56 million against revenue of $273.89 in the year ago quarter. Register for free on and access the latest research report on LQ at:

Pinnacle Entertainment  

At the close, shares in Pinnacle Entertainment Inc. recorded a trading volume of 1.04 shares, which was above their three months average volume of 967,410 shares. The stock ended the day 1.21% higher at $10.83. The Company's shares have advanced 3.14% since the start of this year and are trading below their 200-day moving average by 1.40%. Furthermore, shares of Pinnacle Entertainment have an RSI of 44.13.

On July 27th, 2016, Pinnacle Entertainment announced that it will release its Q2 2016 financial results on August 9th, 2016 prior to the market opening, followed by a conference call on the same day at 9:00 a.m. ET. Get free access to your research report on PNK at:


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SOURCE Chelmsford Park SA