Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Peabody Energy Stock Jumped 15% This Week

TheMotleyFool

0 0

Why Peabody Energy Stock Jumped 15% This Week: https://g.foolcdn.com/editorial/images/873332/gettyimages-1400676766-1200x800-5b2df79.jpg

President Donald Trump just did something no one saw coming, sending shares of Peabody Energy (NYSE: BTU) rallying 15% at their highest point in trading this week. Although the stock cooled off a bit on Friday, it was still up 9% up for the week through 11 a.m. ET Friday.

Image source: Getty Images.

In an Oval Office announcement on June 4 , Trump invoked the Defense Production Act (DPA) -- a 1950 law that grants the president authority to influence domestic industries related to national security – to boost the coal industry.

Source Fool.com

Like: 0

BTU

Share