Why Coal Stock Peabody Energy Is Bouncing Back After a Sharp Drop
Coal stock Peabody Energy (NYSE: BTU) went on a wild ride this morning, crashing 10% right when the markets opened only to rebound sharply. As of 10:30 a.m. EDT, the stock was down only about 1%.
It appears the market quickly realized its knee-jerk reaction to the coal miner's third-quarter numbers was unwarranted.
Here are some notable numbers from Peabody Energy's third-quarter earnings report released Thursday morning:
Source Fool.com
