BTU - Peabody Energy 10% Owner Trades $43.72M In Company Stock | Benzinga
Elliott Investment Management LP, 10% Owner at Peabody Energy (NYSE:BTU), reported an insider sell on December 21, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Thursday showed that LP sold 1,800,000 shares of Peabody Energy. The total transaction amounted to $43,724,500.
The latest update on Friday morning shows Peabody Energy shares down by 0.33%, trading at $24.27.
Get to Know Peabody Energy Better
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.
Peabody Energy's Financial Performance
Negative Revenue Trend: Examining Peabody Energy's financials over 3 months reveals challenges. As of 30 September, 2023, the company experienced a decline of approximately -19.63% in revenue growth, reflecting a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. ...