Oklahoman Published: November 25, 2012
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Eagle & Beagle

Eagle

Wall Street decided to join in the holiday shopping festivities, as buyers flooded the market on Black Friday (a term that is not nearly as beloved among stock traders as it is among consumers).

The holiday-shortened trading week was the best for stocks since early summer. The Dow added 3.3 percent to top 13,000, and closed Friday with all of the 30 stocks in the index showing gains.

Among Oklahoma stocks, the strongest performer was Chesapeake Energy Corp. CHK shares gained 7.3 percent to close Friday at $17.83. It was a welcome week for long-term holders, as it broke a string of four straight weeks of losses.

Much of the boost came after major shareholder Carl Icahn increased his stake in the Oklahoma City energy company. Icahn owns almost 9 percent of the outstanding shares of Chesapeake.

While few have the resources of Icahn, many follow his lead.

Beagle

The Thanksgiving week buying spree meant there were precious few beagle candidates among Oklahoma stocks.

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by Don Mecoy
Business Editor
Business Editor Don Mecoy has covered business news for more than a decade after earlier working on The Oklahoman's city, state and metro news desks, including a stint as city editor. He has won state and regional journalism awards for business,...
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