The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Peabody Energy Corp shares valued at $295,200 were sold by Spurbeck Mark on Nov 06 ’24. At $29.52 per share, Spurbeck Mark sold 10,000 shares. The insider’s holdings dropped to 65,710 shares worth approximately $1.52 million following the completion of this transaction.
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Also, Spurbeck Mark purchased 10,000 shares, netting a total of over 295,212 in proceeds.
Before that, Jarboe Scott T. had sold 14,582 shares from its account. In a trade valued at $362,363, the CAO and Corporate Secretary traded Peabody Energy Corp shares for $24.85 each. Upon closing the transaction, the insider’s holdings decreased to 14,582 shares, worth approximately $1.53 million.
As published in a research note from Jefferies on June 07, 2022, Peabody Energy Corp [BTU] has been rated up from a Hold to a Buy and the price target has been revised to $36 from $25. 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 Stock Performance
During the last five days, there has been a drop of approximately -4.27%. Over the course of the year, Peabody Energy Corp shares have dropped approximately -5.10%. Shares of the company reached a 52-week high of $29.94 on 11/06/24 and a 52-week low of $20.21 on 09/11/24. A 50-day SMA is recorded $25.98, while a 200-day SMA reached $23.90. Nevertheless, trading volume fell to 3.0 million shares from 45955.0 shares the previous day.
Support And Resistance Levels for Peabody Energy Corp (BTU)
According to the 24-hour chart, there is a support level at 22.85, which, if violated, would cause prices to drop to 22.62. In the upper region, resistance lies at 23.44. The next price resistance is at 23.80. RSI (Relative Strength Index) is 34.15 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.12, which suggests the price will decrease in the coming days. Percent R is at 98.11%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
