Chesapeake Energy (NASDAQ:CHKEW) trades down 14.5%

Shares of Chesapeake Energy Co. (NASDAQ:CHKEW – Get Free Report ) traded down 14.5% during trading on Monday. The stock traded as high as $62.95 and last traded at $63.73. About 208 shares changed hands in mid-day trading, down 68% from the average daily volume of 644 shares. Shares previously closed at $74.51.

Chesapeake Energy trading down 14.5%

The stock’s 50-day simple moving average is $75.28, and its two-hundred-day simple moving average is $75.73.

Institutional inputs and outputs

A hedge fund recently raised its stake in Chesapeake Energy. Warberg Asset Management LLC grew its position in Chesapeake Energy Co. (NASDAQ:CHKEW – Free Report) by 55.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,300 shares of the company’s stock after purchasing an additional 5,787 shares during the quarter. Warberg Asset Management LLC’s holdings in Chesapeake Energy were worth $1,208,000 at the end of the most recent quarter.

Chesapeake Energy Company Profile

(Get a free report)

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

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