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.