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Tuesday 11/11 Insider Buying Report: CHK, TWX

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Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.

At Chesapeake Energy Corp. ( CHK ), a filing with the SEC revealed that on Friday, Director Archie W. Dunham purchased 500,000 shares of CHK, for a cost of $23.32 each, for a total investment of $11.66M. Chesapeake Energy Corp. is trading up about 2.5% on the day Tuesday. Before this latest buy, Dunham made one other purchase in the past twelve months, buying $1.35M shares for a cost of $24.97 a piece.

And at Time Warner ( TWX ), there was insider buying on Friday, by Director William P. Barr who purchased 7,645 shares at a cost of $77.20 each, for a total investment of $590,188. Time Warner is trading up about 1.3% on the day Tuesday. Barr was up about 2.3% on the buy at the high point of today's trading session, with TWX trading as high as $78.97 in trading on Tuesday.

VIDEO: Tuesday 11/11 Insider Buying Report: CHK, TWX

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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