Massey Energy Co. (NYSE: MEE) has been more troubled than peers due to a mining disaster. The company has reportedly been considering putting itself up for sale and headlines from the WSJ that it is weighing an offer from Alpha Natural Resources, Inc. (NYSE: ANR) is sending shares higher on active volume.
Massey shares are trading up 11.77% at $47.18 on more than 250% normal trading volume of more than 10 million shares at 3:08 PM EST. Keep in mind that the 52-week trading range is $25.85 to $54.80.
Alpha Natural Resources, Inc. (ANR) is now down almost 5% at $43.96 on nearly double normal volume of just under 4 million shares at 3:08 PM EST.
JON C. OGG
Powered By iWebRSS.com
No comments:
Post a Comment