Peabody Energy Corp. (NYSE: BTU) dropped about 2.3% on Wednesday to post a new 52-week low of $4.70 against a high of $19.63. The stock closed at $4.81 on Tuesday night. Volume was about 10% above the daily average of around 12 million shares. The company said yesterday that two top executives are taking a temporary pay cut. Peabody announces first quarter results tomorrow morning.
Natural Resource Partners LP (NYSE: NRP) also posted a new 52-week low on Wednesday. Shares dropped by about 21% to $5.45 from Tuesday’s closing price of $6.92. The stock’s 52-week high is $16.91. Volume is about 4-times above the daily average of around 500,000 shares. The company cut its quarterly dividend this morning from $0.35 per unit to just $0.09.
Parkway Properties Inc. (NYSE: PKY) dropped about 1% on Wednesday to post a new 52-week low of $16.57 after closing at $16.73 on Tuesday. The stock’s 52-week high is $21.80. Share volume was about double the daily average of around 700,000 shares traded. The office properties REIT had no specific news today.
Darling Ingredients Inc. (NYSE: DAR) dropped about 1% on Wednesday to post a new 52-week low of $13.65 after closing at $13.80 on Tuesday. The stock’s 52-week high is $21.40. Share volume was about 70% below the daily average of around 2.6 million shares traded. The company had no specific news today.
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