U.S. Markets close in 2 hrs 50 mins

Chesapeake Energy Jumps Midday; Energy Stocks Higher

Investing.com - Chesapeake Energy (NYSE:CHK) jumped in midday trading, with investors buoyed by insider stock buying.

Chesapeake Energy rose 13%.

Director Archie Dunning purchased 2.1 million shares. The purchase was made on Dec. 21 and disclosed today.

Overall, energy stocks were higher, with crude futures bouncing back following a big selloff on Monday.

Crude oil WTI futures rose 5.7% and the S&P 500 Energy gained 0.75%.

Among top gainers in the index were Marathon Oil (NYSE:MRO), up 4%, and Phillips 66 (NYSE:PSX), which gained 2.6%.

Related Articles

In Japan, a scramble for new workers disrupts traditional hiring

U.S. Coast Guard searches for cruise ship crew member who went overboard

Exxon continues drilling offshore Guyana as Venezuela lodges complaint