Shares of
Chesapeake Energy Corp. bounced briefly Thursday after the oil and natural gas company’s top executives bought a total of 125,000 shares on the dip below $1 a share.
The stock
CHK, -0.70% rose as much as 7.7% in intraday trading, before pulling back to close down 0.1% at 90.63 cents, a day after the stock plunged to close at a 20-year low.
In a Form 4 filing with the Securities and Exchange Commission late Wednesday, the company disclosed that
Chief Executive Doug Lawler paid $45,740 to buy 50,000 Chesapeake shares at an average price of 91.48 cents.