Friday, July 27, 2012

Arch Coal (NYSE: ACI) Jumps +20% After Solid Earnings Call

Arch Coal (NYSE: ACI) Jumps +20% After Solid Earnings CallTomahawk, WI 7/27/12 (StreetBeat) – Arch Coal, Inc. (NYSE: ACI) is up nearly 20 percent at $6.26 per share on heavy volume of nearly 20 million shares, as I write.

The company’s earnings call started at 11:00 am ET today and must have pleased investors.

Arch Coal’s stock is down quite a bit from its 52-week high of $26.50 per share in August of last year, but hopefully this is a sign of good things to come.

Arch Coal is a top five global coal producer and marketer. Arch is the most diversified American coal company, with mining complexes across every major U.S. coal supply basin. Its core business is supplying cleaner-burning, low-sulfur thermal and metallurgical coal to power generators and steel manufacturers on five continents.

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