Chesapeake Energy (NASDAQ:CHKEZ) Trading Up 1.6% – Time to Buy?

Chesapeake Energy Co. (NASDAQ:CHKEZ)’s share price traded up 1.6% during trading on Thursday . The stock traded as high as $93.74 and last traded at $93.74. 9,100 shares were traded during mid-day trading, an increase of 307% from the average session volume of 2,238 shares. The stock had previously closed at $92.23.

Chesapeake Energy Stock Up 1.6 %

The business has a 50 day moving average price of $90.79 and a 200 day moving average price of $75.71.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Chesapeake Energy stock. Wolverine Asset Management LLC increased its holdings in Chesapeake Energy Co. (NASDAQ:CHKEZ) by 701.6% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 8,289 shares of the company’s stock after buying an additional 7,255 shares during the quarter. Wolverine Asset Management LLC’s holdings in Chesapeake Energy were worth $531,000 at the end of the most recent reporting period.

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.