Jun 28, 2022 (MarketNewsVideo.com via COMTEX) --
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys.
At DaVita, a filing with the SEC revealed that on Thursday, Chief Operating Officer, DKC Michael David Staffieri purchased 20,000 shares of DVA, at a cost of $77.70 each, for a total investment of $1.55M. Staffieri was up about 6.6% on the purchase at the high point of today's trading session, with DVA trading as high as $82.83 at last check today. DaVita is trading up about 3.7% on the day Tuesday.
And on Friday, CEO Domenic J. Dell'osso Jr. bought $246,126 worth of Chesapeake Energy, buying 3,000 shares at a cost of $82.04 a piece. This purchase marks the first one filed by Dell'osso Jr. in the past twelve months. Chesapeake Energy is trading up about 4.9% on the day Tuesday. Dell'osso Jr. was up about 9.7% on the buy at the high point of today's trading session, with CHK trading as high as $90.03 in trading on Tuesday.
The preceding is a transcript of the MarketNewsVideo.com video published at: https://www.marketnewsvideo.com/?id=20220620220628insiderDVACH&mv=1 .
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