Why Peabody Energy Stock Jumped 14% Today
Shares of Peabody Energy (NYSE: BTU) jumped as much as 14% in trading on Wednesday as coal prices continued to spike. Shares of the energy stock closed the day up 6.4% and are up 38.7% so far this month.
Spot prices for coal have jumped 1.8% as I'm writing this today and are now up 98% for the year. The increase in commodity prices could help push Peabody's operations toward profitability in 2021.
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Source Fool.com
