Chesapeake Energy Corporation (CHK) Dips 3.83%

Chesapeake Energy Corporation (CHK) Dips 3.83%

Among the S&P 500’s biggest fallers on Friday November 29 was Chesapeake Energy Corporation (CHK). The stock experienced a 3.83% decline to $0.60 with 35.88 million shares changing hands.

Chesapeake Energy Corporation started at an opening price of 0.61 and hit a high of $0.62 and a low of $0.58. Ultimately, the stock took a hit and finished the day at $0.0237 per share. Chesapeake Energy Corporation trades an average of n/a shares a day out of a total 1.95 billion shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. Chesapeake Energy Corporation hit a high of $3.57 and a low of $0.55 over the last year.

Chesapeake Energy Corp is a US-based exploration and production company. It is engaged in the acquisition, exploration, and development of properties for the production of oil, natural gas and natural gas liquids from underground reservoirs. Geographically, the company focuses its exploration, development, acquisition and production efforts in the operating areas of Marcellus, Northern Appalachian Basin in Pennsylvania; Haynesville, Northwestern Louisiana and East Texas (Gulf Coast); Eagle Ford, South Texas; Utica, Southern Appalachian Basin in Ohio; Mid-Continent, Anadarko Basin in northwestern Oklahoma; and Powder River Basin, Stacked pay in Wyoming.

With its headquarters located in Oklahoma City, OK, Chesapeake Energy Corporation employs 2,350 people. After today’s trading, the company’s market cap has fallen to $1.16 billion, a P/S of n/a, a P/B of 0.38, and a P/FCF of n/a.

For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.

The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.

Scroll Up
error: Content is protected !!