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Forbes reported that Arch Coal’s (NYSE:ACI) downgraded coal outlook sent shares of coal companies down.
Forbes reported that Arch Coal’s (NYSE:ACI) downgraded coal outlook sent shares of coal companies down.
As quoted in the market news:
Shares of Arch Coal fell $1.25, or 8.6 percent, to $13.33. The stock fell as low as $13.09 during the day, its lowest point in the last year. Peabody Energy Corp. dropped $1.63, or 4.8 percent, to $32.25. Consol Energy Inc. shares gave up $2, or 6 percent, to hit $31.93. Patriot Coal Corp. fell $1.10, or 13 percent, to $7.36.
Click here to read the full Forbes report.