Should You Buy the Dip in Peabody Energy?

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However, BTU’s shares have tanked 21.3% over the past five days. Eighteen hedge funds in the database of Insider Monkey held stakes in the company at the end of the second quarter of 2021, down from 21 in the preceding quarter. Closing yesterday’s session at $14.03, the stock is trading 29.2% below its 52-week high of $19.83.

Although surging natural gas prices and a rebound in electricity demand have been a boon for the coal industry, pandemic-related supply disruptions and capacity constraints could affect the industry’s growth.

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