Churchill Downs Incorporated Surges to 470th in Daily Rankings with $240 Million Turnover

On July 24, 2025, Churchill Downs Incorporated (CHDN) saw a significant surge in trading volume, with a turnover of $240 million, marking an impressive 116.6% increase from the previous day. This surge placed Churchill Downs at the 470th position in the daily stock market rankings. The company's stock price rose by 4.20%, extending its winning streak to four consecutive days, with a cumulative increase of 7.77% over the past four days.

Churchill Downs Incorporated's Board of Directors has approved a new $500 million share repurchase program, replacing the previous authorization from March 2025. This program allows the company to repurchase up to $500 million worth of its common stock through open market transactions, with or without a 10b5-1 plan, and has no expiration date. The new program is part of the company's strategy to enhance shareholder value and optimize its capital structure.

The approval of the share repurchase program comes on the heels of strong earnings reported by the company. In the second quarter of 2025, Churchill Downs achieved record net revenue and adjusted EBITDA, reflecting robust performance across its business segments. The company's Board of Directors approved the new share repurchase program on July 22, 2025, as part of its ongoing efforts to return capital to shareholders and maintain a healthy financial position.