Churchill Downs Inc (CHDN) Stock Split History

Churchill Downs Inc has split its stock 3 times since its initial public offering (IPO). The first stock split occurred on April 15, 1998 with the ratio of 2-for-1, meaning that for 1 share of CHDN owned pre-split, shareholders then owned 2 shares. 2 more splits have been implemented since then. The most recent stock split took place on May 22, 2023 on a 2-for-1 basis.

These splits have increased CHDN stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that these actions only change the number of shares and the price per share with no impact on Churchill Downs Inc's total market capitalization.

For more detailed information of Churchill Downs Inc's stock splits, view the table below:

The answer will depend on the decisions of the company's managers and market volatility. Churchill Downs Inc has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when CHDN stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Churchill Downs Inc's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.