Chesapeake Energy Co. (NASDAQ:CHKEL – Get Rating) was up 3% on Wednesday . The company traded as high as $64.90 and last traded at $64.90. Approximately 695 shares changed hands during trading, a decline of 83% from the average daily volume of 4,122 shares. The stock had previously closed at $63.00.
Chesapeake Energy Stock Performance
The stock has a 50 day moving average price of $72.98 and a two-hundred day moving average price of $76.82.
Institutional Investors Weigh In On Chesapeake Energy
A number of large investors have recently added to or reduced their stakes in CHKEL. Wells Fargo & Company MN boosted its holdings in shares of Chesapeake Energy by 132.5% in the 4th quarter. Wells Fargo & Company MN now owns 623 shares of the company's stock valued at $48,000 after purchasing an additional 355 shares in the last quarter. UBS Group AG boosted its holdings in shares of Chesapeake Energy by 302.2% in the 1st quarter. UBS Group AG now owns 1,476 shares of the company's stock valued at $82,000 after purchasing an additional 1,109 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Chesapeake Energy in the 3rd quarter valued at $201,000. BNP Paribas Arbitrage SNC acquired a new stake in shares of Chesapeake Energy in the 3rd quarter valued at $208,000. Finally, Cowen AND Company LLC acquired a new stake in shares of Chesapeake Energy in the 2nd quarter valued at $248,000.
Further Reading
- Get a free copy of the StockNews.com research report on Chesapeake Energy (CHKEL)
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