Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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 $1.32 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 $1.33 million.
As published in a research note from BMO Capital Markets on December 16, 2024, Peabody Energy Corp [BTU] has been rated up from a Market perform to an Outperform and the price target has been revised to $26. Analysts at Jefferies upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early June. As of October 29, 2021, The Benchmark Company has increased its “Hold” rating to a “Buy” for BTU. Earlier on October 04, 2021, B. Riley Securities upgraded its rating. Their new recommendation was “a Buy” for BTU stock which previously was a “a Neutral”.
Analyzing BTU Stock Performance
During the last five days, there has been a drop of approximately -6.02%. Over the course of the year, Peabody Energy Corp shares have dropped approximately -17.15%. Shares of the company reached a 52-week high of $29.94 on 11/06/24 and a 52-week low of $19.81 on 12/24/24. A 50-day SMA is recorded $24.72, while a 200-day SMA reached $23.64. Nevertheless, trading volume fell to 1.19 million shares from 1.95 million 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 19.82, which, if violated, would cause prices to drop to 19.59. In the upper region, resistance lies at 20.27. The next price resistance is at 20.48. RSI (Relative Strength Index) is 23.12 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.35, which suggests the price will decrease in the coming days. Percent R is at 93.18%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
