Peabody Energy Corp. (NYSE: BTU) posted a new 52-week low on Friday. Shares dropped about 8.3% to a low of $2.55 from Thursday’s closing price of $2.78. The stock’s 52-week high is $17.21 Volume totaled about 20 million shares, about 65% of the daily average of around 13.9 million shares. The coal company cut 250 jobs on Wednesday and now faces a threat of higher insurance costs.
Chesapeake Energy Corp. (NYSE: CHK) dropped about 3.2% on Friday to post a new 52-week low of $12.10 after closing at $12.50 on Thursday. The stock’s 52-week high is $29.92. Share volume approached 17 million, about a quarter less than the daily average of around 22.5 million shares traded. The company’s stock may still be feeling the effects of yesterday’s downgrade, combined with lower prices for both oil and natural gas.
Micron Technology Inc. (NASDAQ: MU) dropped about 1.2% on Friday to post a new 52-week low of $24.71 against a 52-week high of $36.59. The stock closed at $25.02 on Thursday night. Volume totaled nearly 18 million shares, about 80% of the daily average of around 22.5 million shares. The company to a price target cut from Pacific Crest this morning, from $39 to $32 while maintaining a Buy rating, and there were reports that Drexel Hamilton cut its rating to Sell.
Keurig Green Mountain Inc. (NASDAQ: GMCR) dropped about 4.1% on Friday to post a new 52-week low of $80.83 after closing at $84.30 on Thursday. The stock’s 52-week high is $158.87. Share volume totaled about 2.6 million shares, about 25% above the daily average of around 2.2 million. The company’s rating was cut from Buy to Neutral at UBS.
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