Chesapeake Energy (NASDAQ:CHKEL) Shares Up 5.9% – What’s Next?

Shares of Chesapeake Energy Co. (NASDAQ:CHKEL) shot up 5.9% during mid-day trading on Tuesday . The company traded as high as $88.00 and last traded at $88.00. 921 shares traded hands during mid-day trading, a decline of 13% from the average session volume of 1,054 shares. The stock had previously closed at $83.06.

Chesapeake Energy Trading Down 1.7 %

The business’s fifty day simple moving average is $79.32 and its 200 day simple moving average is $67.72.

Hedge Funds Weigh In On Chesapeake Energy

An institutional investor recently raised its position in Chesapeake Energy stock. Wolverine Asset Management LLC boosted its holdings in shares of Chesapeake Energy Co. (NASDAQ:CHKEL) by 498.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,515 shares of the company’s stock after acquiring an additional 1,262 shares during the period. Wolverine Asset Management LLC’s holdings in Chesapeake Energy were worth $95,000 as of its most recent filing with the Securities and Exchange Commission.

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.