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Churchill Downs Inc is a gaming entertainment, online wagering, and racing company. It operates through three business segments: Live and Historical Racing, TwinSpires, and Gaming. The Live and Historical Racing segment includes live and historical pari-mutuel racing. The TwinSpires segment includes the revenue and expenses for online horse racing and the online and retail sports betting and iGaming wagering business. The Gaming segment includes revenue and expenses for the casino properties and associated racetracks that support the casino license. The Gaming segment generates revenue and expenses from slot machines, table games, video lottery terminals, video poker, HRMs, ancillary food and beverage services, hotel services, commission on pari-mutuel wagering, and racing events.
Churchill Downs trades on the NASDAQ stock market under the symbol CHDN.
As of March 28, 2024, CHDN stock price declined to $123.44 with 410,316 million shares trading.
CHDN has a beta of 1.11, meaning it tends to be more sensitive to market movements. CHDN has a correlation of 0.19 to the broad based SPY ETF.
CHDN has a market cap of $9.09 billion. This is considered a Mid Cap stock.
Last quarter Churchill Downs reported $561 million in Revenue and $.86 earnings per share. This beat revenue expectation by $8 million and exceeded earnings estimates by $.12.
In the last 3 years, CHDN stock traded as high as $150.45 and as low as $86.38.
The top ETF exchange traded funds that CHDN belongs to (by Net Assets): VTI, IJH, VB, VXF, VBK.
CHDN has underperformed the market in the last year with a return of +0.9%, while the SPY ETF gained +33.8%. In the last 3 month period, CHDN fell short of the market, returning -8.9%, while SPY returned +10.3%. However, in the most recent 2 weeks CHDN has outperformed the stock market by returning +8.7%, while SPY returned +1.8%.
CHDN support price is $122.11 and resistance is $126.45 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CHDN stock will trade within this expected range on the day.