Chesapeake Energy (NASDAQ:CHKEZ) Stock Price Up 2.2% – Here’s Why

Chesapeake Energy Co. (NASDAQ:CHKEZ)’s share price rose 2.2% on Friday . The stock traded as high as $99.56 and last traded at $99.27. Approximately 2,249 shares changed hands during mid-day trading, an increase of 0% from the average daily volume of 2,238 shares. The stock had previously closed at $97.16.

Chesapeake Energy Price Performance

The firm’s fifty day moving average is $94.36 and its two-hundred day moving average is $78.78.

Institutional Trading of Chesapeake Energy

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

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.