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Chesapeake Energy +10% in best day in six months

Jul. 07, 2015 4:59 PM ETChesapeake Energy Corporation (CHK) StockCHKBy: Carl Surran, SA News Editor49 Comments
  • Chesapeake Energy (NYSE:CHK) chalked up its strongest showing in six months, as its shares surged 10% in today's trade to lead all gainers on the S&P 500, even as natural gas fell to its lowest settlement in nearly a month as temperate weather forecasts suggest soft demand on the way.
  • Nevertheless, CHK is still down 13% in the past month, 41% YTD and more than 22% in 2014.
  • CHK earned some sell-side love last week, as Sterne Agee upgraded shares to Buy from Underperform and Goldman Sachs said CHK has the potential to rise 43% from its current level.

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