Franklin, Tenn.-based Community Health Systems Chairman and CEO Wayne Smith purchased 1.2 million shares of CHS on Aug. 29, according to a Securities and Exchange Commission filing.
The transaction totaled roughly $2.4 million, and Mr. Smith now owns 3.1 million shares of CHS' stock, according to Tech News Observer. In early May, Mr. Smith purchased nearly 1 million shares of CHS.
Shares of CHS closed Sept. 16 at $3.89, up 5.4 percent from the previous trading day.
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