Small Cap Losers: BTU, TPGY, LUNA
4:50 pm Tuesday, May 18th, 2021
Peabody Energy Corporation (NYSE: BTU) slumped over 20% to $6.84 on hefty volume. The stock pulls back after spiking by approx. +32% yesterday to new 52-week highs. Peabody Energy Corporation engages in coal mining business in the United States, Japan, Taiwan, Australia, China, India, Vietnam, South Korea, and internationally. The company operates through Seaborne Thermal Mining, Seaborne Metallurgical Mining, Powder River Basin Mining, and Other U.S. Thermal Mining segments.
TPG Pace Beneficial Finance Corp (NYSE: TPGY) fell 15.35% to $11.88 after the company disclosed that it no longer expects to be in a position to close its previously announced combination with ENGIE New Business S.A.S., through which co would acquire its subsidiary EV Charged B.V., by June 2021 and that “significant uncertainty” exists regarding whether the combination will ultimately be completed either on the terms currently contemplated or at all.
Luna Innovations Incorporated (NASDAQ: LUNA) Touches down to four-month lows on elevated volume after co reported Q1 results; total revs increased +53% yr/yr to $26.3 mln, and adj. EBITDA increased to $2.1 mln vs $1.6 mln in the prior-year period. Reaffirmed its 2021 outlook. The sock is now down 14.10% to $10.11.
