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An Analysis of Peabody Energy Corp (BTU)’s Potential Price Growth

Peabody Energy Corp’s recently made public that its EVP and CFO Spurbeck Mark unloaded Company’s shares for reported $0.3 million on Nov 06 ’24. In the deal valued at $29.52 per share,10,000 shares were sold. As a result of this transaction, Spurbeck Mark now holds 65,710 shares worth roughly $1.71 million.

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Then, Spurbeck Mark bought 10,000 shares, generating $295,212 in total proceeds.

Before that, Jarboe Scott T. sold 14,582 shares. Peabody Energy Corp shares valued at $362,363 were divested by the CAO and Corporate Secretary at a price of $24.85 per share. As a result of the transaction, Jarboe Scott T. now holds 66,133 shares, worth roughly $1.72 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 Monday, Peabody Energy Corp [NYSE:BTU] saw its stock fall -5.18% to $25.99. Over the last five days, the stock has lost -1.81%. Peabody Energy Corp shares have risen nearly 6.87% since the year began. Nevertheless, the stocks have risen 8.43% over the past one year. While a 52-week high of $29.94 was reached on 11/06/24, a 52-week low of $20.21 was recorded on 09/11/24. SMA at 50 days reached $25.94, while 200 days put it at $23.93.

Levels Of Support And Resistance For BTU Stock

The 24-hour chart illustrates a support level at 24.82, which if violated will result in even more drops to 23.64. On the upside, there is a resistance level at 27.52. A further resistance level may holdings at 29.04. The Relative Strength Index (RSI) on the 14-day chart is 46.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.81%. Stochastics %K at 34.66% 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 2024-10-31, dropping by -4.53 million shares to a total of 15.7 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 20.23 million shares. There was a decline of -28.84%, which implies that there is a negative sentiment for the stock.

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