Source: Thinkstock
Peabody Energy Corp. (NYSE: BTU) dropped about 6% on Thursday to post a new 52-week low of $5.75 against a high of $19.63. Volume was about 40% below the daily average of around 12 million shares. The coal miner took a couple of downgrades on Tuesday and the fallout continues.
CONSOL Energy Inc. (NYSE: CNX) dropped about 7% on Thursday to post a new 52-week low of $26.70 after closing at $28.70 on Wednesday. The stock’s 52-week high is $48.30. Share volume was nearly triple the daily average of around 3.3 million shares traded. Another coal company gets beaten up today, but CONSOL is also taking some lumps on lower natural gas prices.
Petroleo Brasileiro SA (NYSE: PBR) posted a new 52-week low on Thursday. Shares dropped about 2.4% to $5.18 from Wednesday’s closing price of $5.41. The stock’s 52-week high is $20.94. Volume is about 35% below the daily average of around 44 million shares. The Brazilian oil company’s price target was lowered at Cowen today — and then there are the low crude oil prices.
Wynn Resorts Ltd. (NASDAQ: WYNN) dropped about 1.2% on Thursday to post a new 52-week low of $125.12 after closing at $126.63 on Wednesday. The stock’s 52-week high is $240.97. Share volume was about 10% above the daily average of around 2 million shares traded. All the casino and resort stocks with operations are getting slammed on weakness in Macau – today was Wynn’s turn. Macau revenues could tumble by nearly 50% this month according to one report.
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