Why Peabody Energy Stock Jumped 13% on Tuesday
Shares of Peabody Energy (NYSE: BTU) skyrocketed on Tuesday and closed the trading day up a solid 13.4%. After today's surge, in fact, Peabody's stock price hit highs not seen since 2019.
Peabody shares have risen dramatically in recent weeks on geopolitical concerns, and the tide continues to turn in the company's favor.
On April 12, European coal prices surged to highs not seen in more than a month as the market tried to assess the impact of the latest sanctions on Russia on the global coal market.
Source Fool.com
