Chesapeake Energy Corporation CHK shares are trading lower after it was reported the company is said to prepare chapter 11 filing, giving lenders control.
Chesapeake's stock rallied approximately 76% on Monday.
Chesapeake Energy Corp is a U.S.-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.
Chesapeake's shares were trading down 56.66% to $30.30 per share at the time of publication. The company has a 52-week high of $430 and a 52-week low of $7.77.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
