Arch Coal Inc (NYSE:ACI) shares declined by 2.21%, Southwest Airlines Co (NYSE:LUV)

Posted by Chris Bell May 28, 2013 0 Comment 1003 views


Arch Coal Inc (NYSE:ACI): In Friday’s trading session, Arch Coal Inc (NYSE:ACI) dipped 2.21%. Its opening price of $5.40 rose to touch an intraday high of $5.49 which eventually headed down to close at $5.30 per share. Over 7.57 million shares exchanged hands in the last trading session. This number stood below the average volume of 12.03 million that was measured over a 30-day period.

Investors who are contemplating buying Arch Coal, Inc. shares, but are wary about paying the $5.36/share going market price, might profit from selling puts. This is one of the optional strategies that can be considered by them. One interesting put contract specifically, is the 2015 January put which is at the $2.50 strike. It had a 41 cents bid at the time of this particular writing.

Arch Coal Inc (NYSE:ACI) is a producer of coal. In the year that ended 31 December 2012, the company sold around 140.8M tons of coal. This included around 4.3M tons of coal that has been purchased from third parties and represented around 14% of the 2012 U.S coal supply. 

Southwest Airlines Co (NYSE:LUV): In Friday’s trading session, Southwest Airlines Co (NYSE:LUV) dipped 0.63%. Its opening price of $14.26 rose to touch an intraday high of $14.35 which eventually headed down to close at $14.06 per share. Over 7.20 million shares exchanged hands in the last trading session. This number stood below the average volume of 7.48 million that was measured over a 30-day period.

Southwest Airlines Co (NYSE:LUV) operates Southwest Airlines which is a passenger airline. It provides scheduled air-transportation in the U.S. As of 31 December 2011, it served 72 cities across 37 states in the United States. In the year ended 31 December 2011, it added services in 2 new states as well as in three new cities: Greenville-Spartanburg and Charleston in South Carolina and Newark in New Jersey. On 2 May 2011, it acquired AirTran Holdings, Inc. (AirTran).

Rather than point-to-point, AirTran’s route system provides the hub-and-spoke service. Around 50 percent of AirTran’s flights either originate or terminate at its hub situated in Atlanta, Georgia. Southwest Airlines Co (NYSE:LUV) bundles fares into three different categories: Business Select, Wanna Get Away, Anytime. Wanna Get Away has the lowest fares.


About Chris Bell

Chris Bell is an investing reporter for GDP Insider. Chris covers financial markets and Wall Street, concentrating on developments affecting individual investors and their portfolios. Chris is also over consumer reporter and covers a wide variety of issues ranging from housing to immigration to urban poverty. Chris graduated from the University of Scranton with a degree in Communication and Philosophy. Chris's diligent investigations earned him the honor of being named "Best Reporter" once by the Headliners Foundation of Texas and once by the Houston Press Club.

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