![]() The oil and natural gas exploration and production company’s stock CHK, +181.93% shot up 181.9% to close at $69.92 on volume of 19.3 million shares, which was more than seven times the full-day average of 2.6 million shares according to Market Watch.Īfter rallying 76.5% on Friday, the stock has rocketed 397.7% in two days, and more than about eightfold since closing at a record low of $8.71 on May 14. Chesapeake Energy has seen its market value fall more than 99 from 10.1. What’s behind it? Some believe it has to do with growing expectations of a quick rebound in the economy as well as an agreement among major oil producers to extend production cuts. Analyst Paige Meyer said the company has a negative tangible net worth and viewed a bankruptcy filing in 2020 as likely. Chesapeake Energy Corp is a natural gas and oil exploration, development. That’s $45 a share and not the final value which was $69.92 a share at the end of the day’s trading session. This stock can be held in an Investment ISA and an Investment Account. Remember: Forgot password Become a member for free. It was described as a very volatile session as Chesapeake Energy Corporation shares nearly tripled, going up $45.12 a share. br Does the recent sharp decline in Chesapeake Energy’s share price represent an attractive entry point The CEO has purchased shares of this company. CHESAPEAKE ENERGY CORPORATION : Stock quote, stock chart, quotes, analysis, advice, financials and news for share CHESAPEAKE ENERGY CORPORATION Mexican Stock Exchange: CHKAQ Mexican Stock Exchange. The company’s stock has jumped nearly 400% in two days of trading. ![]() Even as some analysts still believe Oklahoma City-based Chesapeake Energy is on a list of bankruptcy probables this year, stock in the company sky rocketed by nearly 182% in Monday’s trading.
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