There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on June 12, Expand Energy Corp's CEO, Michael Wichterich, invested $88,900.00 into 1,000 shares of EXE, for a cost per share of $88.90. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Wednesday, bargain hunters could buy shares of Expand Energy Corp (Symbol: EXE) and achieve a cost basis even cheaper than Wichterich, with shares changing hands as low as $88.65 per share. It should be noted that Wichterich has collected $0.57/share in dividends since the time of their purchase, so they are currently up 0.4% on their purchase from a total return basis. Expand Energy Corp shares are currently trading off about 5.9% on the day. The chart below shows the one year performance of EXE shares, versus its 200 day moving average:

Looking at the chart above, EXE's low point in its 52 week range is $84.985 per share, with $126.6205 as the 52 week high point — that compares with a last trade of $88.94. By comparison, below is a table showing the prices at which EXE insider buying was recorded over the last six months:

According to the ETF Finder at ETF Channel, EXE makes up 7.21% of the Global X US Natural Gas ETF (Symbol: LNGX) which is trading lower by about 5.4% on the day Wednesday. (see other ETFs holding EXE).

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