Trending Stocks on Tuesday: Top 5 Gainers

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In this article, we take a look at five stocks that are gaining today. If you want to take a look at some more stocks that are trending today and the latest market situation, go to Trending Stocks on Tuesday: Top 10 Gainers.

5. Peabody Energy Corporation (NYSE:BTU) has climbed 1.8% as of 12:20 PM ET after reports that the EU is working towards banning coal imported from Russia. However, the timing of the proposed ban is unclear. This development takes place at a time when French President Macron is calling for a ban on Russian crude oil and coal imports. Germany is the biggest consumer of coal in the EU and is willing to ban Russian coal imports. The trade of coal between Russia and Germany takes up 7% of the globally traded volume of coal. A possible ban would adversely impact Russian coal producers and be a positive development for all other coal producers, such as Peabody Energy Corporation (NYSE:BTU), globally.

As of Q4 2021, Peabody Energy Corporation (NYSE:BTU) was held by 28 hedge funds.

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