Chesapeake Energy (NASDAQ:CHKEW) Stock Price Down 1.7% – Time to Sell?

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

Chesapeake Energy Stock Down 1.7 %

The firm has a fifty day moving average of $99.63 and a two-hundred day moving average of $90.05.

Hedge Funds Weigh In On Chesapeake Energy

A hedge fund recently raised its stake in Chesapeake Energy stock. Wolverine Asset Management LLC raised its position in Chesapeake Energy Co. (NASDAQ:CHKEW) by 287.7% in 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 as of its most recent filing with the Securities & 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.