NEW YORK, NY / ACCESSWIRE / December 17, 2018 / U.S. markets slumped on Friday as bank shares dragged equities lower amidst concerns about
“Indeed, investors are right to be worried about global growth as China economy continues to sputter,” said OANDA’s Asia Pacific head of trading, Stephen Innes. “The data lend support to the market’s view that things will get worse in China before they get better, this despite investment rising,” Innes added.
The Market Edge Initiates Coverage on:
Chesapeake Energy Corporation
Chesapeake Energy’s stock moved 9.69% lower Friday, to close the day at $2.33. The stock recorded a trading volume of 48,005,586 shares, which was above its three months average volume of 32,458,775 shares. In the last year, Chesapeake Energy’s shares have traded in a range of 2.33 - 5.60. The shares are currently trading at its 52 week low. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $3.21 is below its 200-day moving average of $4.26. Shares of Chesapeake Energy have fallen roughly 34.92 percent in the past month and are down 41.16 percent year-to-date.
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On Friday, shares of Encana recorded a trading volume of 18,752,387 shares, which was below the three months average volume of 21,630,033 shares. The stock ended the day 6.59% lower at $5.81. The share price has fallen 59.4% from its 52
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