CHK - Positive Signal: MATTHEW GALLAGHER Shows Faith Buying $200K In Chesapeake Energy Stock | Benzinga
MATTHEW GALLAGHER, Director at Chesapeake Energy (NASDAQ:CHK), disclosed an insider purchase on June 6, based on a new SEC filing.
What Happened: GALLAGHER made a significant move by purchasing 2,234 shares of Chesapeake Energy as reported in a Form 4 filing with the U.S. Securities and Exchange Commission. The transaction's total worth stands at $200,054.
As of Friday morning, Chesapeake Energy shares are down by 0.29%, currently priced at $88.05.
Discovering Chesapeake Energy: A Closer Look
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.
Unraveling the Financial Story of Chesapeake Energy
Decline in Revenue: Over the 3 months period, Chesapeake Energy faced challenges, resulting in a decline of approximately -64.65% in revenue growth as of 31 March, 2024. This signifies a reduction in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average ...