Chesapeake Energy (NASDAQ:CHKEL) Stock Price Down 0.1% – Should You Sell?

Shares of Chesapeake Energy Co. (NASDAQ:CHKEL) were down 0.1% on Wednesday . The company traded as low as $93.58 and last traded at $94.23. Approximately 1,144 shares were traded during mid-day trading, an increase of 9% from the average daily volume of 1,054 shares. The stock had previously closed at $94.36.

Chesapeake Energy Stock Up 0.3 %

The company has a fifty day moving average of $85.30 and a two-hundred day moving average of $70.53.

Institutional Trading of Chesapeake Energy

A hedge fund recently raised its stake in Chesapeake Energy stock. Wolverine Asset Management LLC raised its holdings in Chesapeake Energy Co. (NASDAQ:CHKEL) by 498.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,515 shares of the company’s stock after buying an additional 1,262 shares during the quarter. Wolverine Asset Management LLC’s holdings in Chesapeake Energy were worth $95,000 at the end of the most recent quarter.

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.