Maryland Blocks Churchill Downs' Preakness IP Acquisition, Matches $85M Bid
Reported by GlobeNewswire
Sentiment
Negative
Importance
7
Price
$88.27
Mkt Cap
$6.152B
52W Low
$80.24
52W High
$118.455
Market data snapshot near publication time
Summary
The State of Maryland will acquire the Preakness Stakes and Black-Eyed Susan Stakes intellectual property rights for $85 million. This decision prevents Churchill Downs from completing its previously announced agreement to acquire these same rights. While Churchill Downs stated it understands the state's move, this represents a lost strategic acquisition of a significant brand in horse racing.
At the time of this announcement, CHDN was trading at $88.27 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $6.2B. The 52-week trading range was $80.24 to $118.46. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.
Price Chart
CHDN - Latest Insights
CHDN
Jun 19, 2026, 3:13 AM EDT
Price at Filing:
$88.27
Real-time Price:
$88.27
Change:
$0 (0%)
Market Cap:
$6.152B
CHDN
Jun 18, 2026, 4:59 PM EDT
Price at Filing:
$88.27
Real-time Price:
$88.27
Change:
$0 (0%)
Market Cap:
$6.152B
CHDN
Apr 22, 2026, 4:34 PM EDT
Price at Filing:
$91.20
Real-time Price:
$88.27
Change:
-$2.93 (-3%)
Market Cap:
$6.152B
CHDN
Apr 22, 2026, 4:15 PM EDT
Price at Filing:
$91.00
Real-time Price:
$88.27
Change:
-$2.73 (-3%)
Market Cap:
$6.152B
CHDN
Apr 21, 2026, 9:00 AM EDT
Price at Filing:
$91.00
Real-time Price:
$88.27
Change:
-$2.73 (-3%)
Market Cap:
$6.152B
CHDN
Feb 25, 2026, 4:36 PM EST
Price at Filing:
$94.65
Real-time Price:
$88.27
Change:
-$6.38 (-7%)
Market Cap:
$6.152B