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Red-hot Chesapeake Energy soars 9% on heavy volume, caps 44% run-up

  • Chesapeake Energy (NYSE:CHK) jumped 9.1% in today's trade for its seventh straight winning session and adding to a run that has sent shares surging 44% since its Q1 earnings report on May 2.
  • Volume soared to 88.5M shares, making the stock today's most actively traded on the major U.S. exchanges and well above the full-day average of 28.6M shares.
  • The win streak is the longest since a seven-day stretch that ended last July 3, and the 32% gain during the current streak is the biggest seven-day gain since a 38% surge during the seven sessions ending March 11, 2016.
  • CHK +1.2% after-hours.

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