Shares of Chesapeake Utilities Corporation (CPK) broke into a new 52-week high yesterday, hitting a peak of $102.03.
Shares closed at $100.10 after opening at $100.49 for a move of 0.87%. The company now has a market cap of $1.65 billion.
Investors and traders can learn a lot about a stock’s momentum when it sets a new 52-week high. As an example, bullish investors view a company hitting its highest price in a year as a sign of
momentum and may interpret it as a signal to buy. On the other hand, bearish investors could view a new 52-week high as a signal of the end of a strong run, with the stock possibly peaking out
before an impending period of decline.
For Chesapeake Utilities Corporation, the new 52-week high came on volume of 145,586. The stock has a float of 16.49 million shares and average daily volume of $n/a. It has a
50-day SMA of $n/a and a 200-day SMA of $n/a.
For a complete fundamental analysis analysis of Chesapeake Utilities Corporation, check out Equities.com’s Stock Valuation Analysis report
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Chesapeake Utilities Corp is an American energy company primarily engaged in the provision of regulated energy services. Chesapeake Utilities segments its operations into Regulated Energy and Unregulated Energy units. Most of the company’s total revenue is derived from its natural gas distribution and transmission business within the Regulated Energy division. While this division distributes the most gas to industrial consumers in Florida in terms of volume, it generates the most revenue from residential customers living around the Delmarva Peninsula in the Mid-Atlantic U.S. Chesapeake’s propane distribution and wholesale business in its Unregulated Energy division also generates a significant amount of revenue from sales in the same region.
Chesapeake Utilities Corporation is based out of Dover, DE and has some 955 employees. Its CEO is Jeffry M. Householder.
Chesapeake Utilities Corporation is also a component of the Russell 2000 Index, which is an invaluable tool for any small-cap investor. Consisting of the smaller 2,000 publicly traded companies of the 3,000 largest
companies in America by market cap (which combine to make the broader Russell 3000 index), the Russell 2000 gives the most comprehensive snapshot of the small-cap market of any index out there.
What’s more, the Russell 2000 is maintained by Russell Investments, a company committed to using rules-based methodologies to construct unbiased indices that differ from the committee-selected Dow
Jones Industrial Average or S&P 500.
To get more information on Chesapeake Utilities Corporation and to follow the company’s latest updates, you can visit the company’s profile page here:
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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