CHK - BRIAN STECK Takes a Bullish Stance: Acquires $225K In Chesapeake Energy Stock | Benzinga
A significant insider buy by BRIAN STECK, Board Member at Chesapeake Energy (NASDAQ:CHK), was executed on June 6, and reported in the recent SEC filing.
What Happened: In a recent Form 4 filing with the U.S. Securities and Exchange Commission on Thursday, STECK increased their investment in Chesapeake Energy by purchasing 2,513 shares through open-market transactions, signaling confidence in the company's potential. The total transaction value is $225,039.
Chesapeake Energy's shares are actively trading at $87.5, experiencing a down of 0.92% during Friday's morning session.
About Chesapeake Energy
Chesapeake Energy Corp is a us-based exploration and production company. It is engaged in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids from underground reservoirs. Geographically, the company focuses on areas of Marcellus, Northern Appalachian Basin in Pennsylvania; Haynesville, Northwestern Louisiana (Gulf Coast); and Eagle Ford, South Texas.
Chesapeake Energy: Financial Performance Dissected
Revenue Growth: Chesapeake Energy's revenue growth over a period of 3 months has faced challenges. As of 31 March, 2024, the company experienced a revenue decline of approximately -64.65%. This indicates a decrease in the company's top-line earnings. ...