5 Stocks to Watch on Thursday

3. Peabody Energy Corporation (NYSE:BTU) has slumped 8.60% as of 12:16 PM ET after St. Louis, Missouri-based coal mining company reported a $301 million charge related to its coal-hedging operations during Q1 2022. Peabody Energy Corporation (NYSE:BTU) reported a loss of $119.5 million, compared to $80.1 million during the same quarter last year. The higher loss comes at a time when the global demand for coal has risen due to the Russia-Ukraine conflict.

As of Q4 2021, Peabody Energy Corporation (NYSE:BTU) was held by 28 hedge funds. Elliott Management is the leading investor in Peabody Energy Corporation (NYSE:BTU), with a stake worth over $260 million.