Why Were Investors Going Bonkers For These 4 Stocks On Monday?

Peabody Energy Corp. (NYSE:BTU) jumped by 3.72% following a $358 million deal to sell its El Segundo and Lee Ranch mines in New Mexico and the Twentymile Mine in Colorado to Bowie Resource Partners LLC. Bowie, which will also assume approximately $105 million in related liabilities, will acquire the coal assets, which hold approximately 330 million tons of combined coal reserves. The same mines are expected to produce 11 million tons in 2016, according to Peabody projections. The deal may close before the end of the first quarter of 2016.

As of the end of September, 16 funds in our database held 15.10% of the company’s outstanding stock. Kopernik Global Investors, a firm focused on materials stocks, holds 15 million shares of the company.

Mallinckrodt Public Ltd. Co. (NYSE:MNK) gained 8.36% after reporting increased net sales, which were up by 31% in the fourth quarter of fiscal year 2015, to $882.4 million. The biopharmaceutical company reported net income of $75.2 million for the period, compared to a loss of $352.4 million for the same period last year. For the full fiscal year 2015, the company booked $3.35 billion in net sales, compared to $2.08 billion in the 2014 fiscal year.

“2015 was another pivotal year for Mallinckrodt. We were particularly pleased that fourth quarter and full year net sales were driven by volume growth,” Mallinckrodt President and CEO Mark Trudeau said. “Mallinckrodt’s successful ‘acquire to invest’ growth strategy differentiates us from other specialty pharmaceutical companies as we typically focus on acquiring highly durable, under-resourced therapies that offer effective treatment alternatives for small, underserved and poorly penetrated patient populations.”

40 funds in our database held $1.55 billion worth of Mallinckrodt shares on September 30. Paulson & Co. held 6.6 million shares of Mallinckrodt at that time.

Disclosure: None