Chesapeake Energy shares cratered in a matter of moments Monday on reports that the natural gas company had hired the services of restructuring attorneys, raising fears that debt-laden energy companies may finally succumb to pressure from falling oil and natural gas prices.
Using analytics tool Kensho, we searched for stocks with the highest correlation to Chesapeake. Investors may want to avoid these shares as well.
Chesapeake fell more than 5 percent in one day more than 130 times in the last decade. Here are the stocks that lost the most on those days, according to Kensho.
[“source -cncb”]
