not necessarily the offering is 13mil shares at $5.1 which is where the stock dropped. This maybe a new floor. Obviously any institution that buys shares at $5.1 will do so with the intent to sell at much higher level, promoting the company. The deregulation of the coal industry will have a positive impact on CLD. see what happens
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.