-
Bookkeeping & Debating Massey Energy (MEE)
Wednesday, April 7, 2010 - 2:46pm | 772A tough situation with Massey Energy (MEE) as the mining accident posts very unwanted attention on a sad situation. The closest thing in stock terms to what happened is an earnings miss (which one can avoid by not being overweight a stock going into earnings) or a surprise news event such as what...
-
Massey Energy (MEE) Slips Into Bearish Zone
Wednesday, April 7, 2010 - 1:05pm | 101Massey Energy (NYSE: MEE) plunged over 4.25% $46.26 for the second successive day following a coal mine accident in Virginia. Massey Energy (MEE) has already declined by close to15.5%, the most since February 2009. An explosion at one of the company’s mines in West Virginia on April 5 killed 25...
-
Stock Market News for April 7, 2010 - Market News
Wednesday, April 7, 2010 - 9:30am | 601Tuesday witnessed a tepid session in which stocks struggled for directions and the Dow average failed to cross the 11,000 mark for a second day. The blue-chip average has not been able to cross that psychologically important mark in the last 18 months. Minutes from the last Fed meeting revealed...
-
Markets Expected To Open Lower (MEE, NVDA, TWC)
Wednesday, April 7, 2010 - 9:19am | 140Equity markets are likely to open lower today as concerns over Greece’s debt crisis mount. S&P 500 futures were down 4.6 points, while the Dow Jones Industrial Average futures and the Nasdaq 100 futures were down 31 points and 5.75 points, respectively. Knight Equity Markets’ managing director...
-
Massey Energy Company (MEE) Faces Increased Scrutiny
Wednesday, April 7, 2010 - 9:01am | 197Don Blankenship, the chief executive of Massey Energy Company (NYSE: MEE) is no stranger to criticism. As a staunch defender of the importance of a lightly regulated coal industry to meet America's energy needs, a critic of the idea that human activity is causing climate change and an opponent of...
-
Gainers And Losers On April 6 (VIRL, WATG, ROG, HTZ, HURN, MEE, TNK)
Wednesday, April 7, 2010 - 6:47am | 287Some of the shares that made impressive moves in the US market yesterday are: Gainers China Information Security Technology Inc (NASDAQ: CPBY) soared 31.6% after it announced that it would be supplying to State Grid Corporation of China. Virage Logic Corp (NASDAQ: VIRL) climbed 14.4% after the...
-
How Low Can Massey Energy (MEE) Go?
Wednesday, April 7, 2010 - 4:20am | 198Massey Energy (MEE) had the biggest price decline of any stock on the New York Stock Exchange. Massey plunged $6.24 as shares dropped 11.4% on news of a coal mining explosion in West Virginia. Standard & Poor's announced that Massey Energy may undergo a ratings cut over the mining accident. S...
-
Peabody Energy Corp.’s (BTU) Battle With Noble Group Continues
Wednesday, April 7, 2010 - 3:13am | 310Bloomberg reports that Peabody Energy Corp.’s (NYSE: BTU) tussle with Noble Group Ltd. (ADR) (PINK: NOBGY) for Australian coal mines to supply China, where imports have gone up by three times last year, continues. The U.S.’s biggest coal company has now sweetened its offer for Macarthur Coal Ltd....
-
Massey Energy Co. (MEE) Plunges Following A Blast
Tuesday, April 6, 2010 - 2:47pm | 126Massey Energy Co. (NYSE: MEE) plunged 10.4% by mid-afternoon trading as a mine explosion accident in Massey Energy Co. (MEE) led to suspected death of over 25 workers leaving another 3-4 other workers missing from the same mines in West Virginia. The latest explosion in coal mine in Massey Energy...
-
Massey Energy Accident Pushes HAL9000 to Run into Chinese Coal Producers
Tuesday, April 6, 2010 - 2:10pm | 528I'm keeping a handful of smaller Chinese coal producers on my radar as potential investments; due to their size (300M and 175M market caps) I have not jumped into either but the Massey accident seems to have triggered the algorithms to jump into L&L Energy (LLEN) and Puda Coal (PUDA). (volume...
-
Market Roundup – Las Vegas Sand Corp (NYSE:LVS), Bank of America (NYSE:BAC), Pfizer (NYSE:PFE), Intel (NASDAQ:INTC), Massey Energy (NYSE:MEE)
Tuesday, April 6, 2010 - 11:22am | 1250The Fed is releasing the minutes from its March meeting later this afternoon at 2 o’clock Eastern. Investors will then pour over the language used to describe the economy and, from this, determine whether the Fed plans to adjust interest rates in the future. As always when it comes to Bernake’s...
-
Market Roundup – Las Vegas Sand Corp (NYSE:LVS), Bank of America (NYSE:BAC), Pfizer (NYSE:PFE), Intel (NASDAQ:INTC), Massey Energy (NYSE:MEE)
Tuesday, April 6, 2010 - 11:22am | 1250The Fed is releasing the minutes from its March meeting later this afternoon at 2 o’clock Eastern. Investors will then pour over the language used to describe the economy and, from this, determine whether the Fed plans to adjust interest rates in the future. As always when it comes to Bernake’s...
-
Shares Of Massey Energy Company (MEE) Fall 10% After Explosion At One Of Its Coal Mines
Tuesday, April 6, 2010 - 10:13am | 74Shares of Massey Energy Company (NYSE: MEE) are down by almost 10% in early trading. Shares of the company have fallen a day after an explosion in one of its coal mines in West Virginia, which killed 25 people. Massey Energy Company shares were down 9.64% to $49.40 at 10.07 a.m. in New York. The...
-
Massey Energy Falls
Tuesday, April 6, 2010 - 9:58am | 135Coal producer, Massey Energy (NYSE: MEE), is falling sharply this morning after there was an explosion at their West Virginia mine that killed 25 people. The stock is trading off by 9.51% to $49.49 and is sitting on the 50-day moving average. Options volume has picked up slightly and the April $50...
-
Company News for April 6, 2010 - Corporate Summary
Tuesday, April 6, 2010 - 9:30am | 221• Massey Energy (NYSE:MEE) shares continued lower this morning in pre-market trade, off nearly 6%, following yesterday's mining disaster in which at least 25 West Virginia miners were killed. However, Jefferies (NYSE:JEF) reiterated its "buy" rating on the shares • Microsoft (NASDAQ:MSFT) announced...