Chesapeake Energy: Short Sellers Follow Icahn Out the Door
September 28, 2016 at 10:45 AM EDT
Yesterday, shares of Chesapeake Energy ( CHK ) tumbled 5.9% after Carl Icahn and his hand picked directors left the company's board . Those moves followed Icahn's decision to cut his stake in Chesapeake in half. S3 Partners' Matthew Unterman notes that short sellers appear to be following Icahn out the door:
