Chesapeake Shares Surge, Lift Exploration & Production ETFs
April 12, 2016 at 15:01 PM EDT
After the markets had time to digest a new pledge to secure debt, Chesapeake Energy Corp. (NYSE: CHK) shares surged, lifting oil exploration and production-related exchange traded funds. CHK shares soared 32.9% to $5.98 per share Tuesday and was testing its resistance at the 200-day simple moving...