Chesapeake Energy (NASDAQ:CHKEW) Trading Down 1.7% – Here’s What Happened

Chesapeake Energy Co. (NASDAQ:CHKEW) shares fell 1.7% during mid-day trading on Friday . The company traded as low as $108.84 and last traded at $108.84. 100 shares were traded during trading, a decline of 82% from the average session volume of 550 shares. The stock had previously closed at $110.69.

Chesapeake Energy Price Performance

The firm’s 50-day moving average is $99.63 and its 200 day moving average is $90.23.

Hedge Funds Weigh In On Chesapeake Energy

An institutional investor recently raised its position in Chesapeake Energy stock. Wolverine Asset Management LLC grew its position in Chesapeake Energy Co. (NASDAQ:CHKEW) by 287.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,893 shares of the company’s stock after acquiring an additional 2,889 shares during the period. Wolverine Asset Management LLC’s holdings in Chesapeake Energy were worth $280,000 at the end of the most recent quarter.

Chesapeake Energy Company Profile

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.