Peabody Energy (BTU) Marked As A Dead Cat Bounce Stock

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Trade-Ideas LLC identified Peabody Energy ( BTU) as a "dead cat bounce" (down big yesterday but up big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Peabody Energy as such a stock due to the following factors:

  • BTU has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $77.2 million.
  • BTU has traded 3.2 million shares today.
  • BTU is up 3.4% today.
  • BTU was down 5.3% yesterday.

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More details on BTU:

Peabody Energy Corporation offers mining of coal. The company operates through Western U.S. Mining, Midwestern U.S. Mining, Australian Mining, Trading and Brokerage, and Corporate and Other segments. The stock currently has a dividend yield of 0.2%. Currently there are 8 analysts that rate Peabody Energy a buy, 3 analysts rate it a sell, and 7 rate it a hold.

The average volume for Peabody Energy has been 12.3 million shares per day over the past 30 days. Peabody Energy has a market cap of $1.3 billion and is part of the basic materials sector and metals & mining industry. The stock has a beta of 2.70 and a short float of 27.2% with 4.32 days to cover. Shares are down 39.4% year-to-date as of the close of trading on Thursday.

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