Chesapeake Director Buys Shares
Chesapeake Energy shares were rising by more than 8% during midday trading after a board member purchased more shares of the company's common stock.
Chesapeake Energy CHK shares were rising by more than 8% during midday trading after a board member purchased more shares of the company's common stock. Director Thomas Ryan bought 50,000 shares at $5.60 each. The of the petroleum and natural gas exploration and production company also announced Wednesday that it has increased its five-year loan to $1.5 billion from $1 billion. The loan will be used to finance senior notes due between 2017 and 2018.
