MEE Drops On Scaling Back 2010 Production Guidance

Shares of Massey Energy Co MEE moved down after the company scaled back its projections for 2010 production. Massey projects to ship 39 million tons of coal at a price of around $71 per ton for 2010, versus its earlier projection range of 39 million to 40.5 million tons at $71 to $73 per ton. MEE's shares lost 7.66% to $29.88 at 3:24 pm. Read more from Benzinga's Company news.