Today’s Research Reports on Trending Tickers: Chesapeake Energy Corporation and Southwestern Energy Company
Progress of the recent tax bill hit a snag on Thursday as two GOP Senators raised some concerns. All sectors closed down on Thursday dragging markets lower, with the Healthcare and Materials contributing most losses. The Dow Jones Industrial Average declined 0.31 percent to close at 24,508.66, while the S&P 500 Index fell 0.41 percent to close at 2,652.01. The Nasdaq Composite Index decreased 0.28 percent to close at 6,856.53.
“This market has been going in lockstep with the progress made in the tax bill,” said Art Hogan, chief market strategist at B. Riley FBR. “When you see bumps in the road, you’re going to get some volatility.”
RDI Initiates Coverage on:
Chesapeake Energy Corporation
Southwestern Energy Company
Chesapeake Energy’s stock moved 2.15% lower Thursday, to close the day at $3.64. The stock recorded a trading volume of 25,477,084 shares, which was below its three months average volume of 26,158,326 shares. In the last year, Chesapeake Energy’s shares have traded in a range of 3.41 – 7.65. The stock is currently trading 52.42% below its 52 week high. The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $3.89 is below its 200-day moving average of $4.26. Shares of Chesapeake Energy have fallen roughly 7.61 percent in the past month and are down 48.15 percent year-to-date.
Access RDI’s Chesapeake Energy Corporation Research Report at:
On Thursday, shares in Southwestern Energy recorded a trading volume of 21,716,968 shares, which was above the three months average volume of 16,550,275 shares. The stock ended the day 4.68% lower at 5.29. The stock is currently trading 53.43% below its 52 week high with a 52 week trading range of 4.90 – 11.36.The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $5.99 is greater than its 200-day moving average of $5.81. Shares of the company are trading at a Price to Earnings ratio of 8.50. Shares of Southwestern Energy have fallen roughly 14.81 percent in the past month and are down 51.11 percent year-to-date.
Access RDI’s Southwestern Energy Company Research Report at:
Our Actionable Research on Chesapeake Energy Corporation (NYSE:CHK) and Southwestern Energy Company (NYSE:SWN) can be downloaded free of charge at Research Driven Investing.
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