Large Outflow of Money Witnessed in Joy Global

Joy Global (NYSE:JOY) jumped 0.02 points or 0.09% on strong buying and was last priced at $22 per share. The shares saw huge fund flow intraday; a massive $11.45 million made their way in through the upticks but an even bigger $15.72 million made their way out through downticks. As per the last observation, the net money flow stood at $(-4.27) million and the up/down ratio was found to be 0.73. The shares have seen a weekly value change of 1.38% .A block trade was recorded in the company shares with a net money flow of $(-3.85) million. The composite value of the funds in upticks was $1.9 million and the total value of funds in downticks was $5.76. As can be seen from the data, the block transaction had the up/down ratio of 0.33.

Shares of Joy Global, Inc. rose by 2.67% in the last five trading days and 39.51% for the last 4 weeks. Joy Global, Inc. is up 30.29% in the last 3-month period. Year-to-Date the stock performance stands at 76.8%.

Currently the company Insiders own 0.99% of Joy Global shares according to the proxy statements. During last six month period, the net percent change held by insiders has seen a change of 3.74%. . On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the CEO of Joy Global Inc, Doheny Edward L Ii had purchased shares worth of $112,000 in a transaction dated on January 6, 2016. A total of 10,000 shares were purchased at a price of $11.2 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Joy Global (NYSE:JOY) rose 1.36% or 0.3 points on Friday and made its way into the gainers of the day. After trading began at $22.11 the stock was seen hitting $23.04 as a peak level and $21.91 as the lowest level. The stock ended up at $22.28. The daily volume was measured at 4,225,417 shares. The 52-week high of the share price is $39.17 and the 52-week low is $8.35. The company has a market cap of $2,186 million.

Joy Global Inc. is a manufacturer and servicer of high productivity mining equipment for the extraction of coal and other minerals and ores. The Company manufactures and market original equipment and aftermarket parts and services for both underground and surface mining and certain industrial applications. The Companys equipment is used in major mining regions throughout the world to mine coal, copper, iron ore, oil sands, gold and other minerals. The Company operates in two business segments: Underground Mining Machinery and Surface Mining Equipment. The Company is a manufacturer of underground mining machinery for the extraction of coal and other bedded minerals and offer service locations near major mining regions worldwide. The Company is a major producer of surface mining equipment for the extraction of ores and minerals and provides extensive operational support for many types of equipment used in surface mining.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *