Chesapeake shares pressured by CEO loan

摘要

Washington—Chesapeake Energy’s stock gothammered April 18, hitting a new 52-week lowas skittish investors sold shares of the Okla-homa City producer in the wake of news reportsthat its CEO floated $1.1 billion in loans usinghis 2.5% interest in company wells as collateral.Chesapeake shares fell nearly 10% by noonbefore recovering some of their value to closeat $18.06/share, a loss of 5.5% amid morethan five times the normal trading volume.