September 26, 2017 - 12:48 PM EDT
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Chesapeake Energy Corporation (CHK) Leads Basic Materials Laggards with a drop of 1.81% on September 21

Chesapeake Energy Corporation (CHK" target="_new">CHK) was one of the weakest stocks in the basic materials sector of the NYSE and NASDAQ listed companies on September 21, skidding 1.81% to close the day at $3.79 after closing the day prior at $3.86. Throughout the day, shares of CHK" target="_new">CHK traded as high as $3.89 and as low as $3.79. Today's decline came with about 44.95 million shares changing hands, compared to an average 30-day volume of 32.3 million for Chesapeake Energy Corporation. The price is currently below the 30-day volume weighted average price of $3.82 for CHK" target="_new">CHK. The share depreciation gives the company a market capitalization of $3.51 billion based upon 908.34 million shares outstanding. It also means that CHK has a price-to-book ratio of 1.84:1. In the past 52 weeks, shares of CHK" target="_new">CHK have traded as low as $3.76 and as high as $8.2. Technical traders will take note that at $3.79, shares of CHK" target="_new">CHK are trading below their 200-day MA at $5.68 and below their 50-day MA at $4.58. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding below them is typically regarded as bearish. Who is CHK? Chesapeake Energy Corp is a natural gas and oil exploration, development, acquisition and production company. It also owns an oil and natural gas marketing business. Its portfolio includes unconventional oil and natural gas assets in U.S. onshore plays. The company’s 3300 employees are led by CEO Robert D. Lawler from the corporate headquarters at 6100 North Western Avenue in Oklahoma City, OK. For more information on CHK and other companies trading on the major exchanges, as well as the over the counter markets, or to be considered for contributing content for our distribution network, visit FinancialPress.com today. All data provided by QuoteMedia, with stock data accurate as of 4:00 PM ET. FinancialPress.com is not responsible for inaccuracies in third-party supplied information. About FinancialPress.com FinancialPress.com is a leading publisher of market and investment news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the financial markets and global economies. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications, market exposure and investment. A complete disclaimer can be viewed here. If you like this article, you can read more at FinancialPress.com


Source: Financial Press News (September 26, 2017 - 12:48 PM EDT)

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