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home / news releases / CPE - Why did Callon Petroleum Stock drop today?


CPE - Why did Callon Petroleum Stock drop today?

Callon (CPE) shares fell 8.0% Thursday, even as energy commodity prices rose; shares in other energy producers fell less than 1.0% on average. Ahead of the market open Thursday, a block of 6.5m shares traded (~10% of shares outstanding) at a 7.1% discount to Wednesday's close. The block traded via Credit Suisse; however, details of the buyer and seller are not known. Callon (CPE) could also face a windfall tax headwind, as the White House looks into recently proposed legislation on the matter.

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Why did Callon Petroleum Stock drop today?
Stock Information

Company Name: Callon Petroleum Company
Stock Symbol: CPE
Market: NYSE
Website: callon.com

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