CHDN Churchill Downs Inc Insider Trading

Director Douglas Grissom buys 10,000 CHDN shares at $92.77; 3 insiders bought in 14 days as stock down 23.2% in 90 days from $147.45 peak.

Douglas Grissom, a director of Churchill Downs, purchased 10,000 shares at $92.77 on 2025-05-07, increasing his stake by 34.6% to 38,869 shares total. This transaction is noteworthy because it occurred as part of a cluster: 2 other insiders also bought within the past 14 days, suggesting coordinated interest at this price level. The stock has declined 36.4% from its 52-week high of $147.45 and is down 23.2% over the past 90 days, providing context for the accumulation. Churchill Downs reported strong recent fundamentals—$642.6M revenue in the latest quarter with net income of $76.7M and annual revenue growth of +11.1%—indicating the underlying business remains operationally sound despite the recent price pressure. The convergence of insider buying activity during a period of significant price weakness merits investor attention to whether insiders view the decline as a pricing mismatch relative to business performance.

Director Rankin buys 2,000 CHDN shares at $92.65; stock -37.3% from 52-week high amid three-person cluster buy.

Rankin R Alex (Director) purchased 2,000 shares at $92.65 on 2025-05-05, increasing his holdings from 97,011 to 99,011 shares. The transaction occurs while CHDN trades -37.3% from its 52-week high of $147.45 and -25.0% over the past 90 days. This purchase is part of a cluster pattern: 2 other insiders also bought within the past 14 days. The company shows fundamental stability with $642.6M quarterly revenue, 11.1% annual revenue growth, and a P/E of 15.78, suggesting the price decline is not driven by earnings deterioration. Multiple insider purchases at depressed absolute price levels warrants attention to whether this reflects management's assessment of value or external circumstances.

Director Varga buys 2,000 shares of CHDN at $92.97; stock down 38.5% from 52-week high, but repeat buyer with 100% 90-day win rate at this ticker.

Paul Varga, a CHDN director, purchased 2,000 shares at $92.97 on 2025-05-02, increasing his holdings to 33,260 shares (+6.4%). The purchase occurs against a backdrop of significant near-term pressure: the stock is -38.5% from its 52-week high of $147.45 and down 11.6% over 30 days. However, this buy carries notable credibility from Varga's track record: he executed one prior buy at CHDN on 2024-04-29 that delivered a +9.5% return at the 90-day mark, representing a 100% win rate on timing for his CHDN transactions. His cross-ticker open-market history also shows 100% 90-day win rate (avg 90d return +9.5%), establishing a pattern of well-timed entry decisions. The company's fundamentals remain stable—P/E of 15.48, annual revenue growth of +11.1%, and net income of $76,700,000—suggesting the decline reflects sentiment rather than operational deterioration. This repeat purchase by a pattern-consistent insider during a depressed price window merits investor attention as a potential contrarian signal.