Monday 3/24 Insider Buying Report: CHK, OILT

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As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys.

At Chesapeake Energy ( CHK ), a filing with the SEC revealed that on Wednesday, Director Archie W. Dunham bought 54,250 shares of CHK, at a cost of $24.97 each, for a total investment of $1.35M. Chesapeake Energy is trading up about 0.6% on the day Monday. Before this latest buy, Dunham made one other buy in the past twelve months, purchasing $5.17M shares for a cost of $25.86 each.

And at Oiltanking Partners LP ( OILT ), there was insider buying on Friday, by CEO Kenneth F. Owen who purchased 1,500 shares at a cost of $74.34 each, for a total investment of $111,513. This purchase marks the first one filed by Owen in the past year. Oiltanking Partners LP is trading down about 1.3% on the day Monday. So far Owen is in the green, up about 2.2% on their purchase based on today's trading high of $75.99.

Monday 3/24 Insider Buying Report: CHK, OILT VIDEO: Monday 3/24 Insider Buying Report: CHK, OILT



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas

Referenced Stocks: CHK , OILT

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