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Thursday 12/20 Insider Buying Report: CHK, LCII

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 Corp. ( CHK ), a filing with the SEC revealed that on Tuesday, Director Archie W. Dunham bought 1,200,000 shares of CHK, for a cost of $2.22 each, for a total investment of $2.66M. Investors are able to bag CHK at a price even lower than Dunham did, with the stock trading as low as $1.93 at last check today - that's 12.9% under Dunham's purchase price. Chesapeake Energy Corp. is trading off about 0.2% on the day Thursday. This purchase marks the first one filed by Dunham in the past year.

And on Monday, James Gero bought $948,600 worth of LCI Industries ( LCII ), buying 15,000 shares at a cost of $63.24 each. Before this latest buy, Gero purchased LCII on 4 other occasions during the past twelve months, for a total investment of $2.92M at an average of $100.65 per share. LCI Industries is trading up about 2.6% on the day Thursday. So far Gero is in the green, up about 5.6% on their buy based on today's trading high of $66.77.

VIDEO: Thursday 12/20 Insider Buying Report: CHK, LCII

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


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

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