Shares of Chesapeake Energy Corp. (CHK) sank 2.9% toward another 20-year low (link) in morning trading Monday, as part of the continued fallout from the "going concern" warning (link) 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%.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
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11-11-19 1037ETCopyright (c) 2019 Dow Jones & Company, Inc.