Cloud Peak Energy Inc (CLD) has risen sharply, recording gains of 22.55% in the past 4 weeks. However, the stock has corrected -3.44% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 21.29% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 9.86% and the 50-Day Moving Average is 34.37%. Cloud Peak Energy Inc (NYSE:CLD): stock turned positive on Friday. Though the stock opened at $3.3, the bulls momentum made the stock top out at $3.45 level for the day. The stock recorded a low of $3.22 and closed the trading day at $3.37, in the green by 2.12%. The total traded volume for the day was 1,122,610. The stock had closed at $3.3 in the previous days trading.
The company Insiders own 2.5% of Cloud Peak Energy Inc shares according to the proxy statements. Institutional Investors own 85.01% of Cloud Peak Energy Inc shares. Also, FBR Capital maintains its view on Cloud Peak Energy Inc (NYSE:CLD) according to the research report released by the firm to its investors. The shares have now been rated Underperform by the stock experts at the ratings house. FBR Capital raises the price target from $1.25 per share to $1.75 per share on Cloud Peak Energy Inc. The rating by the firm was issued on July 29, 2016.
Cloud Peak Energy Inc. is a holding company that manages its 100% owned subsidiary, Cloud Peak Energy Resources LLC (CPE Resources). The Company is a producer of coal in the United States of America and the Powder River basin (PRB). The Company operates in three segments: Owned and Operated Mines, Logistics and Related Activities, and Corporate and Other. The Owned and Operated Mines segment focuses on thermal coal production. The Logistics and Related Activities segment delivers coal to the customer at a terminal or the customers plant or other delivery point, remote from its mine site. The Corporate and Other segment includes results relating to broker activity, its share of the Decker mine operations. The Company operates in the PRB, where it operates three surface coal mines, which include the Antelope Mine, the Cordero Rojo Mine and the Spring Creek Mine. It also has two development projects, including the Youngs Creek project and the Crow project.