Chesapeake Energy (CHK) Higher as Icahn to Disclose 'Significant' Stake
Get Alerts CHK Hot Sheet
Price: $88.82 +1.24%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 2.4%
Revenue Growth %: -36.4%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 2.4%
Revenue Growth %: -36.4%
Join SI Premium – FREE
Chesapeake Energy Corp. (NYSE: CHK) shares are indicated for a much higher open Monday morning following reports that activist investor Carl Icahn will disclose a "significant" stake in the energy company, reports the WSJ Monday.
With shares at their lowest point since 2009 -- shares fell 13.8 percent last Friday -- and Icahn being known to make investments in companies he feels are undervalued, the move would make sense.
Representatives for Icahn didn't comment on the chatter. Shares are bid over 9 percent higher ahead of the bell.
With shares at their lowest point since 2009 -- shares fell 13.8 percent last Friday -- and Icahn being known to make investments in companies he feels are undervalued, the move would make sense.
Representatives for Icahn didn't comment on the chatter. Shares are bid over 9 percent higher ahead of the bell.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Kerrisdale Capital is short Microstrategy, Inc. (MSTR), long bitcoin
- Phillips 66 (PSX) Exploring Sale of 25% Stake in the Rex Interstate Natural Gas Pipeline - Reuters
- Masimo Corp. (MASI) May Look at Joint Venture for Consumer Split, CEO Says - WSJ
Create E-mail Alert Related Categories
Hedge Funds, Insider Trades, Insiders' Blog, RumorsRelated Entities
Carl IcahnSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!