Joy Global (NYSE:JOY) : During the past 4 weeks, traders have been relatively bearish on Joy Global (NYSE:JOY), hence the stock is down -0.59% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.22% relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.06% in the last 1 week, and is up 1.01% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have dropped -30.26% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $31.73 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $20.29 and the 200 Day Moving Average price is recorded at $15.87.
The stock has recorded a 20-day Moving Average of 2.74% and the 50-Day Moving Average is 12.57%.
Joy Global (NYSE:JOY): stock turned positive on Friday. Though the stock opened at $21.27, the bulls momentum made the stock top out at $22.06 level for the day. The stock recorded a low of $21.17 and closed the trading day at $21.92, in the green by 5.38%. The total traded volume for the day was 2,162,260. The stock had closed at $20.8 in the previous days trading.
In an insider trading activity, Doheny Edward L Ii, CEO of Joy Global Inc, had purchased 10,000 shares on January 6, 2016. The total value of the transaction was $112,000. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.
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.