In a filing, Churchill Downs, Inc. revealed its Director VARGA PAUL C acquired Company’s shares for reported $0.49 million on Apr 29 ’24. In the deal valued at $130.22 per share,3,800 shares were bought. As a result of this transaction, VARGA PAUL C now holds 28,902 shares worth roughly $3.99 million.
Wells Fargo upgraded its Churchill Downs, Inc. [CHDN] rating to an Overweight from a an Equal weight in a research note published on April 15, 2024; the price target was increased to $141 from $137. A number of analysts have revised their coverage, including Mizuho’s analysts, who began to cover the stock in late March with a ‘”a Buy”‘ rating. Wells Fargo also remained covering CHDN and has decreased its forecast on January 05, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating. CapitalOne started covering the stock on October 12, 2023. It rated CHDN as “an Overweight”.
Price Performance Review of CHDN
On Tuesday, Churchill Downs, Inc. [NASDAQ:CHDN] saw its stock jump 1.56% to $138.08. Over the last five days, the stock has gained 7.04%. Churchill Downs, Inc. shares have risen nearly 2.33% since the year began. Nevertheless, the stocks have fallen -6.78% over the past one year. While a 52-week high of $148.36 was reached on 05/07/24, a 52-week low of $106.45 was recorded on 03/11/24. SMA at 50 days reached $121.80, while 200 days put it at $120.86. A total of 0.67 million shares were traded, compared to the trading of 0.5 million shares in the previous session.
Levels Of Support And Resistance For CHDN Stock
The 24-hour chart illustrates a support level at 136.02, which if violated will result in even more drops to 133.95. On the upside, there is a resistance level at 139.50. A further resistance level may holdings at 140.92. The Relative Strength Index (RSI) on the 14-day chart is 74.48, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.83, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.70%. Stochastics %K at 94.71% indicates the stock is a selling.
The most recent change occurred on October 03, 2023 when Stifel began covering the stock and recommended ‘”a Buy”‘ rating along with a $148 price target.
