On Wednesday, Shares of Chesapeake Energy Corporation (NYSE:CHK), lost -2.58% to $9.05, hitting its lowest level, as oil prices fell and U.S. crude settled below $50 a barrel on Wednesday after government data showed crude inventories in the United States rose last week and as a stronger dollar and weaker global equities applied pressure.
U.S. September crude CLc1 fell $1.67, or 3.28 percent, to settle at $49.19 a barrel, first settlement below $50 since April. The $49.04 low hit in post-settlement trading was a September contract low, according to Reuters.
U.S. crude dropped below $50 on Monday for the first time since April and its 14-day Relative Strength Index is below 28. A reading below 30 is considered an indication of an oversold condition by technical traders. Reuters Reports.
Chesapeake Energy Corporation produces oil and natural gas through acquisition, exploration, and development of from underground reservoirs in the United States. It holds interests in natural gas resource plays, counting the Haynesville/Bossier Shales in northwestern Louisiana and East Texas; the Marcellus Shale in the northern Appalachian Basin of West Virginia and Pennsylvania; and the Barnett Shale in the Fort Worth Basin of north-central Texas.
Shares of Southwest Airlines Co. (NYSE:LUV), inclined 1.18% to $35.12, during its last trading session.
Southwest Airlines, invites interested parties to listen to a live webcast of its second quarter 2015 financial results, on Thursday, July 23, 2015 at 12:30 PM Eastern Time.
Southwest Airlines Co. operates passenger airlines that provide planned air transportation services in the United States and near-international markets. As of December 31, 2014, it operated 665 Boeing 737 aircraft; and had 12 Boeing 717 aircraft.
Finally, Ametek Inc. (NYSE:AME), ended its last trade with 0.59% gain, and closed at $55.01.
AMETEK, will issue its second quarter 2015 earnings release before the market opens on Tuesday, August 4, 2015.
AMETEK will webcast its second quarter 2015 investor conference call on Tuesday, August 4, 2015, starting at 8:30 AM ET. The live audio webcast of the conference call will be accessible at www.ametek.com and at www.streetevents.com.
AMETEK, Inc. manufactures electronic instruments and electromechanical devices worldwide. It operates in two segments, Electronic Instruments (EIG) and Electromechanical (EMG). The EIG segment provides advanced instruments for the process, aerospace, power, and industrial markets; process and analytical instruments for the oil, gas, petrochemical, pharmaceutical, semiconductor, and factory automation markets; and instruments for the laboratory equipment, ultra precision manufacturing, medical, and test and measurement markets.
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