Wells Fargo CEO Stumpf discloses $19.5M purchase of Chevron stock

• Chevron (NYSE:CVX) Director John Stumpf discloses the purchase of 180K common shares made on May 11 at an average price of $108.10.
• The transaction value totals $19.46M and comes with CVX down 14% in the past year; following the latest purchase, Stumpf now owns ~200K shares.
• Stumpf is the CEO of Wells Fargo and has been a CVX director since 2010.
• CVX +0.6% premarket.