Chesapeake Energy's stock surges again as post-earnings win streak stretches to 4 days
Shares of Chesapeake Energy Corp. surged 2.2% on heavy volume, again, in morning trade Monday, as they extended their hike up to a fourth session since the oil and gas company reported fourth-quarter results. Volume swelled to 31. million shares, enough make the stock the most actively traded on the NYSE. The stock has now soared 22% since the company reported fourth-quarter profit and revenue that beat expectations and provided an upbeat outlook. That's the best 4-day run for the stock since it rocketed 30% over the four days ended Jan. 9, the day Chesapeake provided a better-than-expected production outlook. The stock has run up 85.0% since Dec. 24, when it closed at the lowest price since Feb. 12, 2016. Over the same time, the SPDR Energy Select Sector ETF 23.5% and the S&P 500 has gained 19.2%.
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