Cloud Peak Energy Inc (CLD) has risen sharply, recording gains of 33.33% in the past 4 weeks. However, the stock has corrected -6.91% 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 24.9% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Cloud Peak Energy Inc (NYSE:CLD): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $2.55 and $2.45 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $2.60. The buying momentum continued till the end and the stock did not give up its gains. It closed at $2.56, notching a gain of 1.19% for the day. The total traded volume was 742,367 . The stock had closed at $2.53 on the previous day.
The stock has recorded a 20-day Moving Average of 10.89% and the 50-Day Moving Average is 21.49%. Cloud Peak Energy Inc. is up 2.81% in the last 3-month period. Year-to-Date the stock performance stands at 23.08%.
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.