BTU - Insider Selling: Elliott Investment Management LP Unloads $475K Of Peabody Energy Stock | Benzinga
It was reported on December 21, that Elliott Investment Management LP, 10% Owner at Peabody Energy (NYSE:BTU) executed a significant insider sell, according to an SEC filing.
What Happened: After conducting a thorough analysis, LP sold 20,000 shares of Peabody Energy. This information was disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday. The total transaction value is $475,200.
Peabody Energy shares are trading down 0.54% at $23.82 at the time of this writing on Thursday morning.
Unveiling the Story Behind Peabody Energy
Peabody Energy Corp is a producer of metallurgical and thermal coal. It also markets and brokers coal, both as principal and agent, and trades coal and freight-related contracts. The company operates in the following segment: Seaborne Thermal Mining, Seaborne Metallurgical Mining, Powder River Basin Mining, Midwestern U.S. Mining, Other U.S. Thermal Mining, and Corporate and Other.
Understanding the Numbers: Peabody Energy's Finances
Revenue Growth: Peabody Energy's revenue growth over a period of 3 months has faced challenges. As of 30 September, 2023, the company experienced a revenue decline of approximately -19.63%. This indicates a decrease in the company's top-line earnings. As ...