Chesapeake Energy (NASDAQ:CHKEZ) Stock Price Up 1.6% – Time to Buy?

Chesapeake Energy Co. (NASDAQ:CHKEZ)’s share price shot up 1.6% during trading on Thursday . The company traded as high as $93.74 and last traded at $93.74. 9,100 shares changed hands during trading, an increase of 307% from the average session volume of 2,238 shares. The stock had previously closed at $92.23.

Chesapeake Energy Stock Performance

The business has a 50-day simple moving average of $90.96 and a two-hundred day simple moving average of $75.87.

Institutional Investors Weigh In On Chesapeake Energy

A hedge fund recently raised its stake in Chesapeake Energy stock. Wolverine Asset Management LLC raised its stake in Chesapeake Energy Co. (NASDAQ:CHKEZ) by 701.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,289 shares of the company’s stock after purchasing an additional 7,255 shares during the period. Wolverine Asset Management LLC’s holdings in Chesapeake Energy were worth $531,000 at the end of the most recent quarter.

Chesapeake Energy Company Profile

Chesapeake Energy Corporation operates as an independent exploration and production company in the United States. It engages in acquisition, exploration, and development of properties to produce oil, natural gas, and natural gas liquids from underground reservoirs. The company holds interests in natural gas resource plays in the Marcellus Shale in the northern Appalachian Basin in Pennsylvania and the Haynesville/Bossier Shales in northwestern Louisiana.