Massey shares rise on Blankenship news

Massey shares rise on Blankenship news

December 6, 2010, 2:30 pm

Wall Street is cheering the abrupt retirement of Massey Energy Co. Chief Executive Don Blankenship. Shares of Massey outpaced most major coal stocks, rising $1.75, or 3.5 percent to $52.17 in afternoon trading Monday.