Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Peabody Energy Corporation shares valued at $309,758 were sold by Spurbeck Mark on Jun 01. At $24.31 per share, Spurbeck Mark sold 12,742 shares. The insider’s holdings dropped to 73,663 shares worth approximately $1.62 million following the completion of this transaction.
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Also, Hathhorn Marc E. sold 18,335 shares, netting a total of over 463,134 in proceeds. Following the sale of shares at $25.26 each, the insider now holds 61,943 shares.
Before that, Hathhorn Marc E. had sold 1,639 shares from its account. In a trade valued at $27,929, the President-US Operations traded Peabody Energy Corporation shares for $17.04 each. Upon closing the transaction, the insider’s holdings decreased to 1,639 shares, worth approximately $2.24 million.
As published in a research note from Jefferies on June 07, 2022, Peabody Energy Corporation [BTU] has been rated up from a Hold to a Buy and the price target has been revised to $36 from $25. This represents a 39.0% premium over Thursday’s closing price. Analysts at The Benchmark Company upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late October. As of October 04, 2021, B. Riley Securities has increased its “Neutral” rating to a “Buy” for BTU. Earlier on August 07, 2020, Vertical Research downgraded its rating. Their new recommendation was “a Hold” for BTU stock which previously was a “a Buy”.
Analyzing BTU’s Price Performance
On Thursday, Peabody Energy Corporation [NYSE: BTU] rose 2.66% to $21.96. The stock’s lowest price that day was $21.30, but it reached a high of $22.1821 in the same session. During the last five days, there has been a surge of approximately 2.04%. Over the course of the year, Peabody Energy Corporation shares have jumped approximately 118.07%. Shares of the company reached a 52-week high of $33.29 on 04/18/22 and a 52-week low of $9.83 on 01/24/22. A 50-day SMA is recorded $22.75, while a 200-day SMA reached $20.27. Nevertheless, trading volume fell to 4.46 million shares from 5.0 million shares the previous day.
Support And Resistance Levels for Peabody Energy Corporation (BTU)
According to the 24-hour chart, there is a support level at 21.45, which, if violated, would cause prices to drop to 20.93. In the upper region, resistance lies at 22.33. The next price resistance is at 22.70. RSI (Relative Strength Index) is 45.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.84, which suggests the price will decrease in the coming days. Percent R is at 69.30%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Peabody Energy Corporation subject to short interest?
Stocks of Peabody Energy Corporation saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.34 million shares to 14.67 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 14.33 million shares. A jump of 2.32% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.35 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.35.
Which companies own the most shares of Peabody Energy Corporation (BTU)?
According to Elliott Investment Management LP filings, the company currently owns 25,859,970 shares, which is about 17.97% of the total BTU shares outstanding. With the completion of the buy transaction, Fidelity Management & Research Co’s stake is now worth $384,342,178. The Vanguard Group, Inc. acquire a 39.70% interest valued at $265.59 million while BlackRock Fund Advisors purchased a 1,282,793 stake. A total of -2,071,412 shares of Peabody Energy Corporation were bought by SSgA Funds Management, Inc. during the quarter, and 798,784 were bought by Dimensional Fund Advisors LP. In its current portfolio, KGH Ltd. holds 2,600,223 shares valued at $64.12 million.
In terms of Peabody Energy Corporation share price expectations, FactSet research, analysts set an average price target of $28.40 in the next 12 months, up nearly 30.9% from the previous closing price of $21.39. Analysts anticipate Peabody Energy Corporation stock to reach $33.00 by 2022, with the lowest price target being $24.00. In spite of this, 5 analysts ranked Peabody Energy Corporation stock as an Overweight at the end of 2022.