Peabody Energy Corp. (NYSE: BTU) posted a new 52-week low on Thursday of $7.33. Based on Wednesday night’s closing price of $7.77 that’s a drop of about 5.7%. The stock’s 52-week high is $19.94. Trading about equal to the stock’s average daily volume of about 14 million shares traded. Coal stocks are among the energy stocks that are responding to the dip in crude oil prices. We provided an outlook for the 2015 coal market earlier today, and it is not terribly encouraging. Since the beginning of 2014, Peabody’s stock is down almost 74%.
Freeport-McMoRan Inc. (NYSE: FCX) dropped about 4.6% Thursday to post a new 52-week low of $22.96. The stock’s 52-week high is $39.32. Volume is about 60% higher than the daily average of around 12.6 million shares. Gold fell for the second straight day today and copper is near 5-year lows.
Petroleo Brasileiro SA (NYSE: PBR), aka Petrobras, posted a drop of about 5.3% today to establish a new 52-week low of $7.34 against a high of $20.94. Volume is about equal to the daily average of around 48 million shares. The government corruption scandal that is swirling around Petrobras continues to slam the stock, and the scandal is also taking a toll on at least one other Brazilian giant.
Vale SA (NYSE: VALE) dropped about 3.9% on Thursday to post a new 52-week low of $7.27 after closing at $7.54 on Wednesday. The stock’s 52-week high is $15.59. Share volume is nearly 20% higher than the 28 million daily average shares traded. Vale’s prospects are dim as iron ore prices are expected to remain low, and then there’s all the trouble with Petrobas.
ALSO READ: 9 Analyst Stock Picks Under $10 With Massive Upside Calls
It’s Your Money, Your Future—Own It (sponsor)
Retirement can be daunting, but it doesn’t need to be.
Imagine having an expert in your corner to help you with your financial goals. Someone to help you determine if you’re ahead, behind, or right on track. With SmartAsset, that’s not just a dream—it’s reality. This free tool connects you with pre-screened financial advisors who work in your best interests. It’s quick, it’s easy, so take the leap today and start planning smarter!
Don’t waste another minute; get started right here and help your retirement dreams become a retirement reality.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.