Stock News in Focus: SunCoke Energy (NYSE:SXC)

SunCoke Energy (NYSE:SXC) stock identified change of 21.81% away from 52-week low price and recently located move of -36.39% off 52-week high price. It has market worth of $576.31M SXC stock has been recorded 9.85% away from 50 day moving average and -6.99% away from 200 day moving average. Moving closer, we can see that shares have been trading 12.24% off 20-day moving average.

On June 28, 2019, SunCoke Energy (NYSE: SXC) and SunCoke Energy Partners, announced that SunCoke has completed its previously announced acquisition of all of SXCP’s outstanding common units not already owned by SunCoke.  Following this acquisition, SXCP’s common units are no longer traded publicly on the New York Stock Exchange.

We are pleased with the overwhelmingly favorable support received from our investors for this important transaction, said Mike Rippey, President and Chief Executive Officer of SunCoke.  The simplified corporate structure increases liquidity and improves financial flexibility, which strengthens our ability to execute on strategic objectives and generate significant value for SunCoke stockholders.

ABOUT SUNCOKE ENERGY

SunCoke Energy (NYSE: SXC) supplies high-quality coke for the blast furnace production of steel under long-term, take-or-pay contracts that pass through commodity and certain operating costs to customers.  We utilize an innovative heat-recovery technology that captures excess heat for steam or electrical power generation. Our cokemaking facilities are located in Illinois, Indiana, Ohio, Virginia and Brazil. We have more than 55 years of cokemaking experience serving the integrated steel industry. In addition, we provide export and domestic material handling services to coke, coal, steel, power and other bulk and liquids customers. Our logistics terminals have the collective capacity to mix and transload more than 40 million tons of material each year and are strategically located to reach Gulf Coast, East Coast, Great Lakes and international ports. The Basic Materials sector company, SunCoke Energy noticed change of 2.19% to $8.88 along volume of 3121607 shares in recent session compared to an average volume of 892.31K. The stock observed return of 8.03% in 5 days trading activity. The stock was at 18.56% over one month performance. SXC’s shares are at 4.59% for the quarter and driving a -32.88% return over the course of the past year and is now at 3.86% since this point in 2018.

The average volatility for the week at 5.83% and for month was at 3.89%. There are 64.9M shares outstanding and 64.58M shares are floated in market. Right now the stock beta is 1.16.

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