Chesapeake Energy Corporation [CHK] stock for 171,300 USD was bought by Wichterich Michael

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Chesapeake Energy Corporation shares valued at $171,300 were purchased by Wichterich Michael on Jun 27. At $85.65 per share, Wichterich Michael acquired 2,000 shares. The insider’s holdings grew to 25,318 shares worth approximately $2.49 million following the completion of this transaction.

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Also, Wichterich Michael purchased 3,000 shares, netting a total of over 244,500 in proceeds. Following the buying of shares at $81.50 each, the insider now holds 23,318 shares.

Before that, DELL’OSSO DOMENIC J JR had added 3,000 shares to its account. In a trade valued at $246,126, the President and CEO bought Chesapeake Energy Corporation shares for $82.04 each. Upon closing the transaction, the insider’s holdings increased to 3,000 shares, worth approximately $3.54 million.

As published in their initiating research note from The Benchmark Company on August 02, 2022, Chesapeake Energy Corporation [CHK] has been a Buy and the price target has been revised to $137. This represents a 28.08% premium over Thursday’s closing price. As of July 18, 2022, Goldman has initiated its “Buy” rating for CHK. Earlier on June 14, 2022, Credit Suisse initiated its rating. Their recommendation was “an Outperform” for CHK stock.

Analyzing CHK’s Price Performance

On Thursday, Chesapeake Energy Corporation [NASDAQ: CHK] plunged -3.48% to $98.53. The stock’s lowest price that day was $98.34, but it reached a high of $105.03 in the same session. During the last five days, there has been a drop of approximately -4.88%. Over the course of the year, Chesapeake Energy Corporation shares have jumped approximately 61.49%. Shares of the company reached a 52-week high of $105.93 on 09/14/22 and a 52-week low of $61.45 on 01/24/22. A 50-day SMA is recorded $96.43, while a 200-day SMA reached $83.70. Nevertheless, trading volume fell to 1.78 million shares from 45052.0 shares the previous day.

Support And Resistance Levels for Chesapeake Energy Corporation (CHK)

According to the 24-hour chart, there is a support level at 96.24, which, if violated, would cause prices to drop to 93.94. In the upper region, resistance lies at 102.93. The next price resistance is at 107.32. RSI (Relative Strength Index) is 48.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.12, which suggests the price will decrease in the coming days. Percent R is at 56.69%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Chesapeake Energy Corporation subject to short interest?

Stocks of Chesapeake Energy Corporation saw a sharp steep in short interest on Jul 14, 2022 dropping by -1.34 million shares to 17.44 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 18.78 million shares. A decline of -7.68% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 5.63 of the overall float, the days-to-cover ratio (short ratio) decline to 5.63.

Which companies own the most shares of Chesapeake Energy Corporation (CHK)?

According to The Vanguard Group, Inc. filings, the company currently owns 12,288,170 shares, which is about 10.17% of the total CHK shares outstanding. The investor’s shares have appreciated by 413,910 from its previous 13-F filing of 11874260.0 shares. With the completion of the sale transaction, Oaktree Capital Management LP’s stake is now worth $1,055,260,865. Capital Research & Management Co reduced a -8.76% interest valued at $953.87 million while PGIM, Inc. sold a -4,801,833 stake. A total of -109,954 shares of Chesapeake Energy Corporation were sold by D. E. Shaw & Co. LP during the quarter, and -1,797,256 were sold by BlackRock Fund Advisors. In its current portfolio, Wellington Management Co. LLP holds 4,115,529 shares valued at $413.57 million.

In terms of Chesapeake Energy Corporation share price expectations, FactSet research, analysts set an average price target of $148.23 in the next 12 months, up nearly 34.21% from the previous closing price of $102.08. Analysts anticipate Chesapeake Energy Corporation stock to reach $231.00 by 2022, with the lowest price target being $111.00. In spite of this, 13 analysts ranked Chesapeake Energy Corporation stock as a Buy at the end of 2022. On February 11, 2022, JP Morgan assigned a price target of “an Overweight” to the stock and initiated coverage with a $85.


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