Stocks Reaffirm To Gain Attentions: Peabody Energy (OTCMKTS:BTUUQ), Ritchie Bros. Auctioneers (RBA)

Peabody Energy Corporation (OTCMKTS:BTUUQ) revealed that it has filed its plan of reorganization and disclosure statement with the U.S. Bankruptcy Court for the Eastern District of Missouri, representing another key milestone in the company’s Chapter 11 process.” It’s proposed plan is an important achievement in our path toward emergence,” said Peabody Energy President and Chief Executive Officer Glenn Kellow.

“The plan charts Peabody’s course forward and reflects an enormous amount of work by the company and multiple creditor groups to advance a proposal that has broad consensus, maximizes the value of the enterprise and paves the way for a sustainable future. We look forward to moving toward confirmation of the plan.”The plan of reorganization and disclosure statement establish proposed recoveries for key stakeholders and outline other components of the company’s future governance and ownership.

Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) [Trend Analysis] knocking active thrust in leading trading session, shares a gain of 2.21% to 36.03 with around 841062 shares have changed hands in this session. Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) sold approximately $4.33 billion of equipment through 356 unreserved auctions and its online equipment marketplace during 2016. This is a new annual record for the Company, and represents a 2% increase in gross auction proceeds (GAP) compared to 2015.

“During 2016 we made strategic investments and acquisitions to better position our business for future growth, including the addition of an equipment sales listing offering, obtaining full ownership of Ritchie Bros. Financial Services, key bolt-on acquisitions to bolster our strength in certain regions and sectors, and the announcement of our impending acquisition of IronPlanet. All of these initiatives have built a stronger platform for our consumers and shareholders as we expand our service offering and the solutions we provide equipment sellers. The stock is going forward its fifty-two week low with 75.83% and lagging behind from its 52-week high price with -9.83%.

Similar, the positive performance for the quarter recorded as 5.26% and for the year was 52.61%, while the YTD performance remained at 53.37%. RBA has Average True Range for 14 days of 0.92.

 

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