Wednesday, February 14, 2018 10:15 PM ET
Churchill Downs (CHDN) sees Significant Insider Selling
There was a significant sale of shares of Churchill Downs by an insider today, as indicated in a form 4 document filed with the SEC. One insider — Robert L Evans, Director — disposed of 32,866 shares in the company having a market value of approximately $8,709,490. This is the first insider buy/sell trade in the past 90 days.
The number of insider buy/sell trades at Churchill Downs is greater than that of the 21 peer company average over the last 90-day period. The Casinos & Gaming peer group saw 5 buy/sell trades during this period for an average of 0.2 transactions per company. However, the number of shares traded per transaction by Churchill Downs insiders is lower than its peers. Within the peer group there were 20,000 shares purchased and 5,039,210 shares sold with company insiders selling 1,003,842 shares on average over this time period.
In determining significant insider buying and selling, trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data sourced to evaluate and write this story.
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