On Tuesday, Shares of Chesapeake Energy Corporation (NYSE:CHK), subtract -2.48% and closed at $6.28 in the last trading session. The last trading range of the stock ranges between $6.11 and $6.46. The company’s Market capitalization is $4.59 Billion with the total Outstanding Shares of 776.96 million. During the 52-week trading session the minimum price at which share price traded, registered at $1.50 and reached to max level of $8.87. Glancy Prongay & Murray LLP (“GPM”) declares an investigation on behalf of Chesapeake Energy Corporation (“Chesapeake” or the “Company”) (NASDAQ: CHK) shareholders concerning the Company and its officers’ possible violations of federal securities laws.
Chesapeake engages in the acquisition, exploration and development of properties for the production of oil, natural gas and natural gas liquids (NGL) from underground reservoirs in the United States.
On September 29, 2016, Chesapeake revealed that it had received a subpoena from the U.S. Department of Justice concerning the Company’s accounting methods for the acquisition and classification of oil and gas properties.
On this news, Chesapeake stock fell more than 9% to close at $6.12 per share on September 29, 2016, thereby injuring shareholders.
Paypal Holdings Inc (NASDAQ:PYPL), dropped -1.71% and closed at $39.19 in the last trading session. The last trading range of the stock ranges between $38.96 and $40.11. The company’s Market capitalization is $47.26 Billion with the total Outstanding Shares of 1.21 Billion. During the 52-week trading session the minimum price at which share price traded, registered at $30.52 and reached to max level of $41.75. PayPal Holdings, Inc. operates as a technology platform company that facilitates digital and mobile payments on behalf of consumers and merchants worldwide. It facilitates businesses of various sizes to accept payments from merchant Websites, mobile devices, and applications, in addition to at offline retail locations through a range of payment solutions, counting PayPal, PayPal Credit, Braintree, Venmo, and Xoom products.