Chesapeake Energy (NASDAQ:CHKEW) Trading Up 0.5% – Here’s What Happened

by · The Markets Daily

Chesapeake Energy Co. (NASDAQ:CHKEW – Get Free Report)’s stock price was up 0.5% during mid-day trading on Monday . The company traded as high as $93.08 and last traded at $93.08. Approximately 100 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 550 shares. The stock had previously closed at $92.65.

Chesapeake Energy Stock Performance

The business has a 50 day moving average of $83.59 and a two-hundred day moving average of $75.44.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Chesapeake Energy stock. Wolverine Asset Management LLC acquired a new position in shares of Chesapeake Energy Co. (NASDAQ:CHKEW – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 411 shares of the company’s stock, valued at approximately $31,000.

Chesapeake Energy Company Profile

(Get Free Report)

Chesapeake Energy Corporation operates as an independent exploration and production company in the United States. It engages in acquisition, exploration, and development of properties to produce oil, natural gas, and natural gas liquids from underground reservoirs. The company holds interests in natural gas resource plays in the Marcellus Shale in the northern Appalachian Basin in Pennsylvania and the Haynesville/Bossier Shales in northwestern Louisiana.

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