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News  ›  The Motley Fool

Peabody Energy Stock: Why One Fund Trimmed 3 Million Shares After a Big Run

The Motley Fool Logo The Motley Fool By Jonathan Ponciano
Peabody Energy Stock: Why One Fund Trimmed 3 Million Shares After a Big Run

Seattle-based wealth advisory Progeny 3 sold 3 million shares of Peabody Energy, reducing its stake by approximately $28.5 million in Q3, while the stock remains up 27% over the past year.

Insights
BTU   neutral

Stock has performed well (up 27% annually), but fund trimmed position suggesting potential volatility and risk management concerns