Chesapeake Energy Corp (CHK)

[ctcollins]

Chesapeake stock keeps sinking, heads for 5th straight loss after going concern warning

Shares of Chesapeake Energy Corp. (CHK) sank 2.9% toward another 20-year low (http://www.marketwatch.com/story/ Chesapeake stock breaks-the-buck-for-the-first-time-in-20-years-2019-11-06) in morning trading Monday, as part of the continued fallout from the "going concern" warning (http://www.marketwatch.com/story/chesapeake-energy-stock- dives-on-heavy-volume-after-yet-another-earnings-miss-2019-11-05) the oil and natural gas company stated in its quarterly filing last week. The stock was headed for a fifth-straight loss, and has plunged 44% over that time. With over 17 million shares traded, the stock is the most actively traded on major U.S. exchanges. The stock has now shed 58% year to date, while the SPDR Energy Select Sector ETF (XLE) has gained 5.2% and the S&P 500 has climbed 23%.