Why Churchill Downs Stock Jumped 69% Last Year

Shares of Churchill Downs (NASDAQ: CHDN) surged in 2019, as the company continued to make acquisitions and gained on investor optimism for legalized sports betting . As a result, the stock finished the year up 69%, according to data from S&P Global Market Intelligence.

The following chart shows the stock's trajectory for the year as the gains came in multiple stages.

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Source Fool.com