Large Outflow of Money Witnessed in Chesapeake Energy Corporation

Chesapeake Energy Corporation (CHK) : Money flow in the Chesapeake Energy Corporation (CHK) stock was negative (2.96 million) on Monday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $14.8 million, compared to $17.77 million on downticks. The total uptick to downtick ratio was 0.83, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($2.25 million), indicating selling on the strength. The transaction value during uptick in block trades was $2.63 million. Downtick transaction value in block trades amounted to $4.88 million, indicating persistent selling. The uptick to downtick ratio was 0.54. Chesapeake Energy Corporation (CHK) traded $0.17 higher at $4.59 gaining 3.83% over the previous days close.


Chesapeake Energy Corporation has dropped 22.82% during the last 3-month period . Year-to-Date the stock performance stands at 2.22%. Shares of Chesapeake Energy Corporation rose by 10.05% in the last five trading days and 8.49% for the last 4 weeks. In a related news, Ryan Thomas L, director of Chesapeake Energy Corp had purchased 10,000 shares on November 19, 2015 in a transaction. The price per share was $5.47 and the total amount of the disclosed transaction was $54,700.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

Chesapeake Energy Corporation (NYSE:CHK): stock turned positive on Monday. Though the stock opened at $4.44, the bulls momentum made the stock top out at $4.6 level for the day. The stock recorded a low of $4.3 and closed the trading day at $4.6, in the green by 4.07%. The total traded volume for the day was 22,479,149. The stock had closed at $4.42 in the previous days trading.

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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