Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. Chesapeake Energy (CHK) pushed the Basic Materials sector lower today making it today's featured Basic Materials laggard. The sector as a whole closed the day down 1.7%. By the end of trading, Chesapeake Energy fell $1.39 (-6.8%) to $19.11 on heavy volume. Throughout the day, 29.1 million shares of Chesapeake Energy exchanged hands as compared to its average daily volume of 14.4 million shares. The stock ranged in price between $19.09-$20.24 after having opened the day at $20.18 as compared to the previous trading day's close of $20.50. Other companies within the Basic Materials sector that declined today were: Global Geophysical Services (GGS), down 33.8%, GMX Resources (GMXR), down 21.6%, BMB Munai (BMBM), down 16.7%, and Quicksilver Resources (KWK), down 13%.
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