Peabody Energy Corp. (NYSE: BTU) dropped about 4.7% today to post a new 52-week low of $9.91. The stock’s 52-week high is $21.28. Peabody had no specific news today, but the selling might be coming of ahead of more coal company earnings reports due on Tuesday Trading volume is more than 25% below the daily average of around 10.3 million shares traded.
Pain Therapeutics Inc. (NASDAQ: PTIE) dropped about 61% on Monday to a new 52-week low of $1.61 after closing at $4.15 on Friday evening. Share volume is 40-times the daily average of around 172,000. The company lost its development and commercialization deal with Pfizer Inc. (NYSE: PFE) for the Remoxy pain treatment Pain had licenses from Durect Corp. (NASDAQ: DRRX).
Sanchez Energy Corp. (NYSE: SN) posted a drop of more than 11% today to post a new 52-week low of $15.79 against a 52-week high of $38.95. Volume is about double the daily average of around 1.5 million shares. The independent oil and gas producer was downgraded at Stifel and a new estimate from Goldman Sachs for a 2015 average crude oil price of $75 a barrel hit smaller producers like Sanchez Energy hard today
Cosan Ltd. (NYSE: CZZ) sank to a new 52-week low on Monday of $9.13. Based on Friday night’s closing price of $10.04 that’s a drop of about 9%. The stock’s 52-week high is $16.26. Trading volume is about 30% higher than the daily average of around 1.5 million shares. The Brazil-based ethanol maker is being hurt by the re-election of Brazilian President Dilma Rousseff.
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