Why These 4 Stocks are Among the Most Actively Traded Today

In other news, Arch Coal Inc (NYSE:ACI)’s shares have plummeted by slightly over 50% today (and have now been suspended) after the company filed for Chapter 11 bankruptcy. The company has listed assets valued at $5.8 billion and $6.4 billion in liabilities. Through a reorganization, the company plans to eliminate $4.5 billion in debt and continue with its mining activities.

Arch Coal Inc (NYSE:ACI) lost popularity among the investors in our database in the third quarter, as out of the 730 funds that we track, nine funds held shares of the company on September 30, amassing 11.4% of the float. Jim Simons‘ Renaissance Technologies is the largest shareholder of Arch Coal Inc, owning a position worth $6.6 million at the end of September.

Moving on, Macy’s, Inc. (NYSE:M)‘s stock is up by 4% on the news that Jeffrey Smith‘s activist hedge fund Starboard Value presented a letter to the company on Sunday, pushing the retailer to separate its properties into two or more entities with the aim to create $10 billion in value. The fund suggested two different joint ventures, one for Macy’s, Inc.’s landmark properties (such as the Herald Square) and the other covering all of its other mall locations.

Among the funds that we follow, 67 reported long positions in Macy’s, Inc. (NYSE:M) as of the end of September, up by six funds from a quarter earlier. Starboard Value reported holding 3.26 million Macy’s shares, worth $167.4 million, in its latest 13F filing.

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