Chesapeake Energy (NASDAQ:CHKEW) Shares Up 3.8% – Should You Buy?

Shares of Chesapeake Energy Co. (NASDAQ:CHKEW) traded up 3.8% during trading on Wednesday . The company traded as high as $82.20 and last traded at $82.20. 100 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 550 shares. The stock had previously closed at $79.19.

Chesapeake Energy Price Performance

The business’s 50-day moving average is $70.02 and its two-hundred day moving average is $73.85.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Chesapeake Energy stock. Wolverine Asset Management LLC purchased a new stake in Chesapeake Energy Co. (NASDAQ:CHKEW) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 411 shares of the company’s stock, valued at approximately $31,000.

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.