Chesapeake Energy (NASDAQ:CHKEW) Shares Down 1.7% – Should You Sell?

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

Chesapeake Energy Stock Down 11.2 %

The business’s fifty day moving average is $99.63 and its two-hundred day moving average is $90.23.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Chesapeake Energy stock. Wolverine Asset Management LLC increased its position in shares of Chesapeake Energy Co. (NASDAQ:CHKEW) by 287.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,893 shares of the company’s stock after purchasing an additional 2,889 shares during the period. Wolverine Asset Management LLC’s holdings in Chesapeake Energy were worth $280,000 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.