Early Morning Insight: Walter Energy Inc., Cliffs Natural Resources Inc., Peabody Energy Corp., and McEwen Mining Inc.
Early Morning Insight: Walter Energy Inc., Cliffs Natural Resources Inc., Peabody Energy Corp., and McEwen Mining Inc. PR Newswire LONDON, October 10, 2013 LONDON, October 10, 2013 /PRNewswire/ -- Editor Note: For more information about this release, please scroll to bottom. On Wednesday, October 9, 2013, the S&P 500 ended the day at 1,656.40, up 0.06%; the Dow Jones Industrial Average closed at 14,802.98, up 0.18%; while the NASDAQ Composite finished at 3,677.78, down 0.46%. Shares in the industrial metals and minerals industry mostly ended lower, even as the broader market fluctuated between gains and losses. The major movers in the industry included Walter Energy Inc. (NYSE: WLT), Cliffs Natural Resources Inc. (NYSE: CLF), Peabody Energy Corporation (NYSE: BTU), and McEwen Mining Inc. (NYSE: MUX). All these companies are tracked by AAAResearchReports.com. Download free technical analysis and charting reports on WLT, CLF, BTU, and MUX now at: http://www.aaaresearchreports.com/register/ Walter Energy Inc.'s stock edged lower on Wednesday, extending the losses from the previous trading session. The company's shares traded between $13.92 and $14.75 before finishing the day 0.28% lower at $14.22. A total of 5.99 million shares were traded, which is below the daily average volume of 8.50 million. Despite Wednesday's losses, Walter Energy Inc.'s stock has surged 24.63% in the previous three months, outperforming the S&P 500 which has advanced 0.25% during the same period. Additionally, the company's shares are trading above their 50-day moving average of $13.25. Download free research on WLT today by registering at: http://www.AAAResearchReports.com/WLT101013.pdf On Wednesday, shares in Cliffs Natural Resources Inc. declined to end the day at $20.09, which is 1.52% lower than the previous day's closing price of $20.40. The company's shares fluctuated between $19.88 and $20.68 during the trading session. A total of 8.27 million shares were traded, which is above the daily average volume of 7.74 million. Despite Wednesday's losses, Cliffs Natural Resources Inc.'s shares have gained 22.57% in the previous three months, compared to a gain of 0.25% in the S&P 500 during the same period. Further, the company's stock is trading below its 50-day and 200-day moving averages of $21.86 and $23.52, respectively. Sign up and have access to our free report on CLF at: http://www.AAAResearchReports.com/CLF101013.pdf Shares in Peabody Energy Corp. gained 0.12% on Wednesday, reversing some of the losses from the previous trading session. The company's shares closed the day at $16.95, after oscillating between $16.84 and $17.19. A total of 4.40 million shares were traded, which is below the daily average volume of 6.08 million. The company's shares have advanced 7.96% in the previous three months, outperforming the S&P 500 which has gained 0.25% during the same period. Moreover, Peabody Energy Corp.'s stock is trading below its 50-day and 200-day moving averages of $17.52 and $19.96, respectively. Sign up and read the complimentary report on BTU at: http://www.AAAResearchReports.com/BTU101013.pdf McEwen Mining Inc.'s stock plummeted on Wednesday, even as the broader market closed on a mixed note. The company's shares vacillated between $2.12 and $2.26 before finishing the day 3.52% lower at $2.19. A total of 2.63 million shares were traded, which is less than the daily average volume of 3.44 million. Despite Wednesday's pullback, McEwen Mining Inc.'s shares have surged 24.43% in the previous three months, compared to a gain of 0.25% in the S&P 500 during the same period. Furthermore, the company's stock is currently trading below its 50-day and 200-day moving averages of $2.43 and $2.54, respectively. The free report on MUX can be downloaded by signing up now at: http://www.AAAResearchReports.com/MUX101013.pdf EDITOR NOTES: 1. This is not company news. We are an independent source and our views do not reflect the companies mentioned. 2. Information in this release is fact checked and produced on a best efforts basis and reviewed by Ananya Ghosh, a CFA charterholder. However, we are only human and are prone to making mistakes. If you notice any errors or omissions, please notify us below. 3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public. 4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco@EquityNewsNetwork.com. 5. For any urgent concerns or inquiries, please contact us at compliance@EquityNewsNetwork.com. 6. Are you a public company? 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