A trio of Community Health Systems executives on Monday followed company Chairman, President and CEO Wayne Smith in cashing in some of their stock holdings. Division President Michael Portacci, Secretary Rachel Seifert and Chief Accounting Officer Kevin Hammons all exercised some options and then sold the resulting shares (and, in Hammons' case, other shares as well).
Their combined profits on the deals reach almost $1.4 million. But that number would have been $100,000 higher had they bet that President Obama would be re-elected and sold their shares this morning. Shares of CHS (Ticker: CYH) are up 7 percent today on very heavy volume.