Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Churchill Downs, Inc. shares valued at $494,836 were purchased by VARGA PAUL C on Apr 29 ’24. At $130.22 per share, VARGA PAUL C acquired 3,800 shares. The insider’s holdings grew to 28,902 shares worth approximately $3.75 million following the completion of this transaction.
As published in a research note from Wells Fargo on April 15, 2024, Churchill Downs, Inc. [CHDN] has been rated up from an Equal weight to an Overweight and the price target has been revised to $141 from $137. Analysts at Mizuho started covering the stock with ‘”a Buy”‘ outlook in a report released in late March. As of January 05, 2024, Wells Fargo has decreased its “an Overweight” rating to a “an Equal weight” for CHDN. Earlier on October 12, 2023, CapitalOne initiated its rating. Their recommendation was “an Overweight” for CHDN stock.
Analyzing CHDN Stock Performance
During the last five days, there has been a surge of approximately 5.22%. Over the course of the year, Churchill Downs, Inc. shares have dropped approximately -3.78%. Shares of the company reached a 52-week high of $136.09 on 01/02/24 and a 52-week low of $111.10 on 03/11/24. A 50-day SMA is recorded $120.60, while a 200-day SMA reached $120.81. Nevertheless, trading volume fell to 0.97 million shares from 0.53 million shares the previous day.
Support And Resistance Levels for Churchill Downs, Inc. (CHDN)
According to the 24-hour chart, there is a support level at 128.34, which, if violated, would cause prices to drop to 126.85. In the upper region, resistance lies at 131.19. The next price resistance is at 132.55. RSI (Relative Strength Index) is 63.80 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.25, which suggests the price will increase in the coming days. Percent R is at 24.95%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
