Home / Business / Strong rise in Chesapeake Energy stocks, supported by the highest volume at the NYSE

Strong rise in Chesapeake Energy stocks, supported by the highest volume at the NYSE



Shares of Chesapeake Energy Corp.

CHK + 10.27%

The oil and gas company has reported better-than-expected fourth quarter results and is optimistic. Volume rose to 94.0 million shares in the afternoon, more than double the daily average and enough for the stock to be the most traded on the NYSE. According to SunTrust analyst Neal Dingmann, Robinson Humphrey has announced a "solid" budget for 2019, including "higher than expected sequential stable expenses for expected guided production". At the same time, he reiterated his holding rating and his $ 3 share price goal, up 0.7% from current levels. The stock, which is expected to reach its highest level since December 3, has risen 72% since December 24. At the same time, the S & P 400 Mid Cap Index

MIDDLE, + 0.12%

of which Chesapeake Energy is a component, has climbed 22% and the S & P 500 Index

SPX, -0.05%

rallied 19%.

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