Chesapeake Energy (NASDAQ:CHKEW) Stock Price Down 2.3% – Time to Sell?

Shares of Chesapeake Energy Co. (NASDAQ:CHKEW) fell 2.3% on Monday . The stock traded as low as $99.00 and last traded at $99.00. 101 shares changed hands during trading, a decline of 82% from the average session volume of 550 shares. The stock had previously closed at $101.32.

Chesapeake Energy Price Performance

The firm has a fifty day simple moving average of $94.51 and a 200 day simple moving average of $80.34.

Hedge Funds Weigh In On Chesapeake Energy

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

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.