Penn National Gaming shares slid Wednesday morning after Barstool Sports founder Dave Portnoy published a video detailing he's "sick as a motherfucker."
DAVE PORTNOY IS SICK AND POSSIBLY HAS COVID-19— FXHedge (@Fxhedgers) August 19, 2020
Portnoy said he's been in bed for "40 hours" and has barely eaten. He then said something that investors didn't like, that is, the possibility he might have COVID-19.
Penn shares fell over 3% to the low 54-handle following Dave's video.
At the end of the video, Portnoy said he was "going back to sleep."
Portnoy is a very social guy - he's commonly featured videos of himself partying and eating pizza without wearing masks in public.
Readers may recall Portnoy met with the Winklevoss twins earlier this week to discuss Bitcoin, all three wore no masks (and shook hands).
As to if Portnoy is sick or not - well, that's up to a doctor... Though, spooking investors with the possibility of COVID-19 might have put a near term top in PENN.