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Chesapeake Energy jumps after joining S&P Midcap 400

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Aug. 16, 2023 6:02 PM ETChesapeake Energy Corporation (CHK)MRCY, ARNCBy: Carl Surran, SA News Editor1 Comment

Fracking Drilling Rig at the Golden Hour

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Chesapeake Energy (NASDAQ:CHK+5.7% post-market Wednesday after the stock is added to the S&P MidCap 400, replacing Mercury Systems (MRCY), effective before the start of trading on August 21.

Mercury Systems (MRCY) will move to the S&P SmallCap 600, replacing Arconic (ARNC), which has been acquired by Apollo Global Management.

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Iron Eagle

Today, 6:14 PM

Really? And this somehow changed their business prospects so it is up nearly 6%?!

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