Chesapeake Energy (NASDAQ:CHKEZ) Trading Down 10.2%

Chesapeake Energy Co. (NASDAQ:CHKEZ) shares fell 10.2% during mid-day trading on Thursday . The stock traded as low as $73.65 and last traded at $73.65. 4 shares traded hands during mid-day trading, a decline of 100% from the average session volume of 1,925 shares. The stock had previously closed at $82.01.

Chesapeake Energy Stock Performance

The firm’s 50 day simple moving average is $76.77 and its 200-day simple moving average is $69.90.

Hedge Funds Weigh In On Chesapeake Energy

A hedge fund recently raised its stake in Chesapeake Energy stock. Wolverine Asset Management LLC increased its position in shares of Chesapeake Energy Co. (NASDAQ:CHKEZ) by 225.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 994 shares of the company’s stock after purchasing an additional 689 shares during the period. Wolverine Asset Management LLC’s holdings in Chesapeake Energy were worth $63,000 at the end of the most recent reporting period.

About Chesapeake Energy

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.