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The Water Cooler
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Chesapeake Energy preparing for bankruptcy
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<blockquote data-quote="SlugSlinger" data-source="post: 3359443" data-attributes="member: 7248"><p>They will be selling their assets to a company that has some cash. btw, I wondered how their stock went from $0.15 per share to $40.00 per share.</p><p>They did a 1 - 200 reverse stock split. That means for every 200 shares you had, you now have 1. They had to do this or they would have been delisted from the NYSE.</p><p></p><p>Here's the adjusted stock price range for the year. Yes, the adjusted high price is $588.00 and the low is $12.30. </p><p></p><p>52 Week Range $12.30 - $588.00</p><p></p><p></p><p>Yesterday they dropped $9.35 (-34.82%)</p><p></p><p> and the Pre-Market is $16.90 -1.24 (-6.84%)</p></blockquote><p></p>
[QUOTE="SlugSlinger, post: 3359443, member: 7248"] They will be selling their assets to a company that has some cash. btw, I wondered how their stock went from $0.15 per share to $40.00 per share. They did a 1 - 200 reverse stock split. That means for every 200 shares you had, you now have 1. They had to do this or they would have been delisted from the NYSE. Here's the adjusted stock price range for the year. Yes, the adjusted high price is $588.00 and the low is $12.30. 52 Week Range $12.30 - $588.00 Yesterday they dropped $9.35 (-34.82%) and the Pre-Market is $16.90 -1.24 (-6.84%) [/QUOTE]
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