Why Coal Stocks Got Crushed This Week
Last week was one to forget for coal investors. The stocks of Walter Energy , Arch Coal and Alpha Natural Resources were all crushed.
While the market had its own rough patch, the decline in coal stocks was really the doing of Wall Street. A well-known firm cut its price forecast for metallurgical coal next year noting that Chinese import demand just isn't picking up as hoped. It also took down its price targets of Walter Energy, Arch Coal and Alpha Natural Resources, which caused these stocks to all take double-digit dives.
Investors wanting to take a closer look at the week that was in coal should check out the slideshow below. It provides some more details on what happened this past week as well as taking a look at what investors should expect going forward. It also suggests which coal stock investors think is the least likely to keep falling.
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The article Why Coal Stocks Got Crushed This Week originally appeared on Fool.com.Matt DiLallo has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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