CHS CEO buys the dip

Wayne Smith

Community Health Systems Chairman and CEO Wayne Smith has in the past week put to work more than $3.3 million to grow his stake in the hospital company by some 40 percent.

Smith has been active in the market since last Friday, the day after the company’s stock fell nearly 8 percent. That day, he bought more than 323,000 shares. He followed that up with purchases of about 491,000 shares on Monday and nearly 179,000 shares Tuesday.