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Investing in Peabody Energy Corp (BTU) Is Getting More Attractive

In a filing, Peabody Energy Corp revealed its CAO and Corporate Secretary Jarboe Scott T. unloaded Company’s shares for reported $0.36 million on Feb 27 ’24. In the deal valued at $24.85 per share,14,582 shares were sold. As a result of this transaction, Jarboe Scott T. now holds 66,133 shares worth roughly $1.8 million.

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Then, Yeates Darren Ronald sold 25,793 shares, generating $637,345 in total proceeds. Upon selling the shares at $24.71, the EVP & COO now owns 80,367 shares.

Before that, Spurbeck Mark sold 6,826 shares. Peabody Energy Corp shares valued at $167,715 were divested by the EVP and CFO at a price of $24.57 per share. As a result of the transaction, Spurbeck Mark now holds 75,464 shares, worth roughly $2.05 million.

Jefferies upgraded its Peabody Energy Corp [BTU] rating to a Buy from a a Hold in a research note published on June 07, 2022; the price target was increased to $36 from $25. A number of analysts have revised their coverage, including The Benchmark Company’s analysts, who increased its forecast for the stock in late October from “a Hold” to “a Buy”. B. Riley Securities also remained covering BTU and has increased its forecast on October 04, 2021 with a “Buy” recommendation from previously “Neutral” rating. Vertical Research revised its rating on August 07, 2020. It rated BTU as “a Hold” which previously was an “a Buy”.

Price Performance Review of BTU

On Tuesday, Peabody Energy Corp [NYSE:BTU] saw its stock jump 3.30% to $27.20. Over the last five days, the stock has gained 9.11%. Peabody Energy Corp shares have risen nearly 11.84% since the year began. Nevertheless, the stocks have risen 14.77% over the past one year. While a 52-week high of $27.29 was reached on 11/05/24, a 52-week low of $20.21 was recorded on 09/11/24. SMA at 50 days reached $24.39, while 200 days put it at $23.85.

Levels Of Support And Resistance For BTU Stock

The 24-hour chart illustrates a support level at 26.52, which if violated will result in even more drops to 25.85. On the upside, there is a resistance level at 27.64. A further resistance level may holdings at 28.09. The Relative Strength Index (RSI) on the 14-day chart is 66.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.40, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.25%. Stochastics %K at 79.71% indicates the stock is a holding.

How much short interest is there in Peabody Energy Corp?

A steep rise in short interest was recorded in Peabody Energy Corp stocks on 2024-10-15, growing by 0.32 million shares to a total of 17.78 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 17.46 million shares. There was a rise of 1.82%, which implies that there is a positive sentiment for the stock.

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