July 22, 2016 - 5:22 PM EDT
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S&P 500 Mover: Chesapeake Energy Corporation (CHK) Gains 1.59% in Early Trading on July 22

Chesapeake Energy Corporation (CHK) is one of the best performing stocks in the S&P 500 Index shortly after the opening bell on July 22. Shares of CHK have climbed 1.59% about 30 minutes into the session to $5.05 after closing the day prior at $4.97. It’s early, but the stock has traded as high as $5.14 and as low as $5.01 so far. Today's quick advance has come with about 1.7 million shares changing hands, compared to an average 30-day volume of 33.84 million for Chesapeake Energy Corporation. The price is currently below the 30-day volume weighted average price of $5.08 for CHK. The share appreciation gives the Energy company a market capitalization of $3.4 billion based upon 684.61 million shares outstanding. It also means that CHK has a price-to-book ratio of 1.84:1 and a price-to-earnings ratio of :1. In the past 52 weeks, shares of CHK have traded as low as $1.5 and as high as $9.55. Technical traders will take note that at $5.05, shares of CHK are trading above their 200-day MA at $4.8 and above their 50-day MA at $4.34. 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 above them is typically regarded as bullish. Who is CHK? Chesapeake Energy Corp is a natural gas and oil exploration and production company. It explores, develops and acquires properties for the production of natural gas and crude oil from underground reservoirs and also provides marketing & midstream services. The company’s 4400 employees are led by CEO Robert D. Lawler from the corporate headquarters at 6100 North Western Avenue in Oklahoma City, OK. What is the S&P 500 Index? Developed and managed by S&P Dow Jones Indices, the Standard & Poor’s 500 (typically just called the S&P 500) is a market value weighted stock index of 500 large companies listed on the New York Stock Exchange or NASDAQ exchanges. Originally built in 1923, the “Composite Index,” as it was called back then, included only a handful of stocks, with expansion to 90 stocks in 1926 and further expansion in 1957 to 500 components. The S&P Index Committee, comprised of a group of Standard and Poor’s analysts and economists, selects components of the index. Because it has a large number of blue chip companies spanning 11 sectors that capture about 80 percent of available market capitalization, the S&P 500 is widely regarded as the most comprehensive view of the U.S. stock market and a barometer of the health of the nation’s economy. 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 and was accurate as of 9:30 AM ET. 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.

Source: Financial Press News (July 22, 2016 - 5:22 PM EDT)

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