When looking at insider buying the hierarchy of insiders is:
#1 CFO's--if the money guy is buying, pay the offer.
#2 CEO's--because they are the company's ambassador they often buy stock just for show, pay attention.
#3 Directors--newly elected directors often buy as a show of support, others because they buy what they know. Look for decent-sized additions to existing positions.
It's not the only piece of the puzzle, especially in Chesapeake's case but this is definitely a positive.
From SEC Form4:
Common stock purchase or sale:
| Transaction & Date  | Reported Date |
Company |
Symbol |
Insider Relationship |
Shares Traded | Average Price | Total Amount |
Shares Ownership |
Filing |
| 2012-06-27 Purchase |
2012-06-29 4:54 pm | CHESAPEAKE ENERGY CORP | CHK | MILLER MERRILL A JR (Director) | 27,700 | $18 | $498,462 | 159,017 (Direct) | View |
| 2012-06-28 Purchase | 2012-06-29 4:51 pm |
CHESAPEAKE ENERGY CORP | CHK | MARTIN R BRAD (Director) | 20,000 | $17.75 | $355,000 | 55,000 (Direct) |
View |
| 2012-06-12 Purchase | 2012-06-14 6:35 pm | CHESAPEAKE ENERGY CORP | CHK | DIXON STEVEN C (EVP - Operations and COO) | 860 | $17.5 | $15,054 | 860 (Indirect) | View |
| 2012-06-07- -2012-06-08 Sale |
2012-06-11 5:41 pm |
CHESAPEAKE ENERGY CORP | CHK | MAXWELL CHARLEST (Director) | 5,193 | $18.34 | $95,224 | 111,591 (Indirect) | View |
