Peabody Energy Corp. (NYSE: BTU) posted a new 52-week low on Monday of $6.92. Based on Friday night’s closing price of $7.74 that’s a drop of more than 10%. The stock’s 52-week high is $19.63. Volume is roughly equal to the daily average of around 13.7 million shares. Natural gas prices fell below $3 on the Nymex again today, that’s not good news for coal miners.
Pandora Media Inc. (NYSE: P) dropped about 6.4% Monday to establish a new 52-week low at $16.60 against a high of $40.44. Volume was about equal to the daily average of around 7.1 million shares. The company had no news today, but the stock is down about 48% over the past 12 months. Pandora’s CEO will hold a “fireside chat” on Tuesday from the Citi Internet, Media, and Telecommunications Conference that coincides with this year’s Consumer Electronics Show.
Petroleo Brasileiro SA(NYSE: PBR) dropped about 11% Monday to post a new 52-week low of $6.01. The stock’s 52-week high is $20.94. Volume was roughly equal to the daily average of around 49 million shares. An oil company with $270 billion in debt is bound to get hammered when crude oil prices fall below $50, even if only for a minute. Amazingly the stock’s all-time low is still nearly $4 lower than today’s low.
Southwestern Energy Inc. (NYSE: SWN) dropped about 5.4% on Monday to post a new 52-week low of $25.70 after closing at $27.17 on Friday. The stock’s 52-week high is $49.16. Share volume is about 40% above the daily average of 7.4 million shares traded. The natural gas producer said last week that capital spending will rise in 2015 — not encouraging to investors with natural gas prices falling below $3 per thousand cubic feet and oil headed south as well.
ALSO READ: America’s Worst Run Companies
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
