|Day Low/High||66.00 / 67.85|
|52 Wk Low/High||59.05 / 70.00|
Coal stocks fall as ANR reports demand weaker in Asia, Walter cuts production forecast
Arch Coal Inc (NYSE:ACI) hit a new 52-week low Wednesday as it is currently trading at $16.88, below its previous 52-week low of $16.91 with 2.4 million shares traded as of 10:15 a.m. ET. Average volume has been 6.2 million shares over the past 30 days.
Coal stocks feed on rumors involving Walter Energy, and the options flow throughout the sector
Also, three charts are trading below key moving averages and should be considered shorts when the market is weak.
Goldman Sachs downgraded at ISI from Buy to Hold. Barclays upgraded at UBS from Neutral to Buy.
The ex-dividend date for Arch Coal Inc (NYSE:ACI) is tomorrow, August 30, 2011. Owners of shares as of market close today will be eligible for a dividend of 11 cents per share. At a price of $19.59 as of 9:35 a.m., the dividend yield is 2.4%.
Arch Coal Inc (NYSE:ACI) hit a new 52-week low Thursday as it is currently trading at $17.90, below its previous 52-week low of $18 with 2.3 million shares traded as of 10:12 a.m. ET. Average volume has been 7.5 million shares over the past 30 days.
Man dies in rock fall at Arch Coal mine in southern W.Va.; investigation under way
Five gold stocks have surged to new highs, while metals and mining stocks slumped.
Arch Coal (NYSE:ACI) hit a new 52-week low Friday as it is currently trading at $20.93, below its previous 52-week low of $21.02 with 4.3 million shares traded as of 11:19 a.m. ET. Average volume has been 6.6 million shares over the past 30 days.
Arch Coal (NYSE:ACI) has been downgraded by TheStreet Ratings from from a buy to hold.
Arch Coal CEO Discusses Q2 2011 Results - Earnings Call Transcript
In a weekly review of the sector, these five stocks outperformed their peers and posted significant gains.
Clorox downgraded at Oppenheimer to Perform. LinkedIn downgraded at JPMorgan from Overweight to Neutral.
This index underperformed for the first time in more than two weeks. Any more changes should be monitored.
Citigroup is upgraded at Banc of America/Merrill Lynch to Buy from Neutral, while Peabody Energy is initiated with a Hold rating at Societe Generale.
Interior says proposed N. Cheyenne coal swap in Montana not even
Federal transportation panel rejects bid to halt Montana coal railroad
W.Va. county school board trying to stop ICG, Wolf Run mine under high school
Arch Coal names new executives after completing $3.4B purchase of International Coal Group
Newell Rubbermaid shares were falling in premarket trading Friday after the consumer goods company lowered its 2011 outlook.
The ex-dividend date for Arch Coal (NYSE:ACI) is tomorrow, May 27, 2011. Owners of shares as of market close today will be eligible for a dividend of 11 cents per share. At a price of $29.23 as of 9:31 a.m., the dividend yield is 1.5%.
Sector Snap: Appalachian coal producers' profits will rise with overseas demand, analyst says
Arch Coal creates Asia-Pacific subsidiary based in Singapore, to be led by Renato Paladino
General Electric, Exxon Mobil and Johnson & Johnson join a roster of companies raising shareholder payouts, increasing their dividend yields.
Massey blames high turnover rate for poor financial performance in first quarter
General Motors is upgraded to Buy at UBS, while Arch Coal is upgraded to Buy at Brean Murray.
International Coal shares were surging in premarket trading after Arch Coal announced it would be buying International Coal for $3.4 billion.
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