During Wednesday’s Current trade Shares of Chesapeake Energy Corporation (NYSE:CHK), lost -4.00% to $7.66.
The price of Brent crude oil jumped more than 2 percent to $50 a barrel on Wednesday as a drawdown in U.S. crude oil stocks outweighed the negative impact of weak economic manufacturing data from China. Reuters
The U.S. Energy Information Administration said U.S. crude inventories fell 1.9 million barrels to 453.97 million last week, surpassing analysts expectations of a draw of 500,000 barrels. Reuters
“We had a bigger drawdown in crude than predictable,” said Oliver Sloup, director of managed futures at Chicago-based iiTrader.com. “The drawdown is giving us a bit of a boost and that’s prompted some short covering.” Reuters
The U.S. industry data assisted oil resist the negative impact of a sharp contraction in Chinese manufacturing, which darkened the outlook for the world economy.
Current Trade Update: The firm opened its current trade at $8.01, and as of now, it is trading at $7.69. The total volume traded for the day is 6.05M, as compared to its average daily volume of 19.20Mshares. The stock is floating in a range of $ 7.68 - $8.08. The stock hold a the market capitalization of $5.13B.
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 J C Penney Company Inc (NYSE:JCP), declined - 0.21% to $9.36, during its current trading session.
J C Penney Company Inc, is looking for a new chief merchant, people familiar with the situation said. WSJ
The executive would succeed Elizabeth H. Sweney, who has held the retailer’s top merchandising job since early 2012.
It isn’t clear whether the retailer has picked a successor yet, nor whether the newcomer would come from outside Penney. But the company expects an announcement early Wednesday morning that “does relate to the chief merchant role,’’ one person familiar with the matter said. This person declined further comment. WSJ
J. C. Penney Company, Inc., through its partner, J. C. Penney Corporation, Inc., sells merchandise through department stores in the United States. The company sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products, and home furnishings, in addition to provides various services, counting styling salon, optical, portrait photography, and custom decorating. As of March 18, 2015, it operated about 1,060 stores.
Finally, Walgreens Boots Alliance Inc (NASDAQ:WBA), declined -0.07%, to $86.65.
Missouri Attorney General Chris Koster on Tuesday filed a motion for contempt against Walgreens for violating a 2014 agreement over misleading prices. Bizjournals
Koster said in a statement his office visited 50 Walgreens throughout Missouri from July 26 through Sept. 1, and found more than 1,300 expired sales tags in 49 of the stores. Koster said hundreds of the tags were weeks past their expiration date, and two expired in 2013. Bizjournals
Walgreens in 2014 promised to remove the tags within 12 hours of their expiration, and said it would give customers who are overcharged for an item that costs more than $5 a Walgreens gift card worth $10 plus the item at its lowest advertised price. It agreed that customers who are overcharged for an item that costs $5 or less would receive it for free. Bizjournals
Walgreens said in a statement that the process it agreed to in 2014 “is in our customers’ best interests and we will continue to work with the Attorney General’s office in order to ensure pricing accuracy on behalf of consumers in Missouri.” Bizjournals
Walgreens Boots Alliance, Inc., together with its auxiliaries, operates a network of drugstores in the United States. It provides consumer goods and services, pharmacy, and health and wellness services through drugstores, in addition to through mail, and by telephone and online. The company sells prescription and non-prescription drugs; and general merchandise, counting convenience and fresh foods, household items, personal care, photofinishing and candy, and beauty care.
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