Chesapeake Energy Co. (NASDAQ:CHKEZ – Get Free Report) shot up 1.6% on Thursday . The stock traded as high as $93.74 and last traded at $93.74. 9,100 shares were traded during trading, an increase of 307% from the average session volume of 2,238 shares. The stock had previously closed at $92.23.
Chesapeake Energy Stock Performance
The stock has a 50-day moving average of $90.96 and a 200 day moving average of $75.87.
Institutional Investors Weigh In On Chesapeake Energy
A hedge fund recently raised its stake in Chesapeake Energy stock. Wolverine Asset Management LLC grew its stake in Chesapeake Energy Co. (NASDAQ:CHKEZ – Free Report) by 701.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,289 shares of the company’s stock after acquiring an additional 7,255 shares during the period. Wolverine Asset Management LLC’s holdings in Chesapeake Energy were worth $531,000 at the end of the most recent quarter.
About Chesapeake Energy
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.
Further Reading
- Five stocks we like better than Chesapeake Energy
- The How And Why of Investing in Oil Stocks
- ServiceNow Stock Slips, But AI Expansion Signals Long-Term Gains
- What is the Hang Seng index?
- Microsoft and Meta’s AI Investment Plans Are Full Steam Ahead
- Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index
- Beyond Self-Driving Cars: Factory Automation Takes Center Stage
Receive News & Ratings for Chesapeake Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chesapeake Energy and related companies with MarketBeat.com's FREE daily email newsletter.
