The Latest Breaking News from Peabody Energy

A Relative Strength Rating upgrade for Peabody Energy shows improving technical performance.

Peabody Energy Corp. (NYSE:BTU) has abandoned its planned $3.8 billion purchase of steelmaking coal assets from Anglo American (OTC:AAUKF), citing a material adverse change following a March fire at the Moranbah North mine in Australia. The incident left the mine idled with no clear timeline for resuming longwall production.

Peabody Energy sees its Relative Strength Rating hit the 80-plus level.

Coal stocks including Peabody Energy and Arch Resources jumped following a key Supreme Court ruling, former President Donald Trump's debate win and a mine explosion.

In light of Peabody Energy Corporation’s recent appearance on Barchart's death cross screener, investors may find cause for concern. Historically, similar occurrences have preceded notable downturns in the stock’s price, signaling a potential red flag for those considering an investment in Peabody Energy right now.

Here are three relative strength leaders from the small-cap space that have been crushing the broader market since the start of August.

Peabody Energy shows rising price performance, earning an upgrade to its IBD Relative Strength Rating

A Fed rate hike looms after Tuesday's rally on tame inflation data fizzled. Tesla stock hit new lows as Elon Musk sees "macroeconomic tides."

Peabody Energy edged higher Tuesday. The U.S. coal producing giant is experiencing a resurgence in 2022 on the back of increased natural gas prices.