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MarketWatch 05/12/2020 10:09
Shares of Chesapeake Energy Corp. plummeted 16% in morning trading Tuesday, to extend losses into record-low territory after the oil and gas company re-issued a "going concern" warning in its quarterly financial filing in the previous session. The stock has now plummeted 68% in the past month, while crude oil futures have rallied 15% and the S&P 500 has gained 4.8%. The stock has lost 59% of its value since a 1-for-200 reverse stock split went into effect after the April 14 close. If the split wasn't effected, the stock would be trading at 5.4 cents. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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