Insider Bets Paying Off At CHK As New 52-Week High Reached

In trading on Wednesday, shares of Chesapeake Energy Corp. (CHK) touched a new 52-week high of $29.25/share. That's a 59.49% rise, or $10.91 per share from the 52-week low of $18.34 set back on 04/22/2013. That means at today's intraday high, any investor who purchased CHK stock any time over the past 52 weeks has an unrealized gain, including company insiders.

Over the past six months, insiders have been scooping up shares, and those bets are now paying off handsomely. As summarized by the table below, CHK has seen 2 different instances of insiders buying over the trailing six month period.

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Purchased Insider Title Shares Price/Share Value
11/08/2013 Archie W. Dunham Director 200,000 $25.86 $5,171,600.00
12/13/2013 Thomas L. Ryan Director 6,000 $26.73 $160,380.00
02/28/2014 Thomas L. Ryan Director 10,000 $25.87 $258,700.00
03/19/2014 Archie W. Dunham Director 54,250 $24.97 $1,354,655.05

The chart below shows where CHK has traded over the past year, with the 50-day and 200-day moving averages included.

Chesapeake Energy Corp. Moving Averages Chart

In afternoon trading on Wednesday, CHK shares are changing hands at $29.10/share, slightly below the new 52-week high.

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