Large Outflow of Money Witnessed in Chesapeake Energy Corporation

Chesapeake Energy Corporation (CHK) : The value of composite uptick trades was $47.58 million, whereas, the value of composite downtick trades was $60.69 million. The uptick to downtick ratio stood at 0.78 with a negative money flow of ($13.11) Million during Fridays trading session. The block trades money flow was negative ($8 million).The uptick to the downtick ratio of 0.54 in block trades signals that the large investors have utilized the rise in the stock to sell.The uptick transaction value stood at $9.34 million. The transaction of the trades on downticks amounted to $17.34 million, which confirms investors selling on the strength of price. Chesapeake Energy Corporation (CHK) gained 35 cents at $6.6, an increase of 5.6% over the previous days close.


The company Insiders own 1.1% of Chesapeake Energy Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 13.45% . Institutional Investors own 63.91% of Chesapeake Energy Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 13.45%.

In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Chesapeake Energy Corp, Dunham Archie W had purchased shares worth of $2,124,500 in a transaction dated on August 22, 2016. A total of 350,000 shares were purchased at a price of $6.07 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Chesapeake Energy Corporation (NYSE:CHK): The stock opened at $6.31 and touched an intraday high of $6.7 on Friday. During the day, the stock corrected to an intraday low of $6.3, however, the bulls stepped in and pushed the price higher to close in the green at $6.6 with a gain of 5.60% for the day. The total traded volume for the day was 45,992,365. The stock had closed at $6.25 in the previous trading session.

Chesapeake Energy Corporation (CHK) : Traders are bullish on Chesapeake Energy Corporation (CHK) as it has outperformed the S&P 500 by a wide margin of 35.15% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.61%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.13% in the last 1 week, and is up 34.97% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Chesapeake Energy Corporation is a producer of natural gas, oil and natural gas liquids (NGL) in the United States. The Company operates in two segments: Exploration and Production, and Marketing, Gathering and Compression. The exploration and production segment is responsible for finding and producing oil, natural gas and NGL. The marketing, gathering and compression operating segment is responsible for marketing, gathering and compression of oil, natural gas and NGL. The Company owns interests in approximately 45,100 oil and natural gas wells that produced an average of approximately 729 thousand barrels of oil equivalent (mboe). The Company also own oil and natural gas marketing and natural gas gathering and compression businesses. As of December 31, 2014, the Company held an interest in approximately 45,100 gross productive wells, including 33,600 properties in which it held a working interest and 11,500 properties in which it held an overriding royalty interest.

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