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Stocks Struggle for Direction

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  • Description

    FBN's Nicole Petallides breaks down stocks impacting the afternoon markets.

  • Duration 1:12
  • Date

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This transcript is automatically generated

Stay Dennis is on top about what it is the top of the -- though right now sucks not every fifteen minutes a call -- is -- the flood that your stock exchange.

Not just using part direction the G-7 news coming up this morning -- -- about one another thing when you look at.

Well you're not seeing the market taking off one -- -- another run on the contrary really hovering around this unchanged line here we're having to look at specific stocks.

But we've had for the last five weeks have been selling.

I'm right now you see the major averages have tipped to the downside ever so slightly the Dow for example is down about two tenths of 1% but financials.

For example are doing quite well also names like Bank of America JPMorgan -- helping the Dow wrong.

But I want to take a close look here at Chesapeake Energy name that we have featured over the last month for so many reasons but the latest.

Being the replacement of several board members for board members to be specific of nine of the nine board members it hasn't been actually the released as of yet which -- stepped down in which for coming -- but at what we're seeing is Carl Icahn right gave the activist gets one seat.

And down southeastern asset management will get three seats in of course all this to build confidence cut costs.

And to and during a time where we're seeing -- dropping prices as well back to you all right.

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