Shares of Joy Global (JOY) Rally 5.79%

Joy Global (JOY) has been under a strong bear grip, hence the stock is down -0.27% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 4.24% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.79% in the last 1 week, and is up 4.08% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 7.2% and the 50-Day Moving Average is 17.78%.

Joy Global (NYSE:JOY): The stock opened at $23.49 on Friday but the bulls could not build on the opening and the stock topped out at $23.58 for the day. The stock traded down to $23.06 during the day, due to lack of any buying support eventually closed down at $23.19 with a loss of -0.81% for the day. The stock had closed at $23.38 on the previous day. The total traded volume was 4,097,384 shares.


The company Insiders own 0.99% of Joy Global shares according to the proxy statements. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the CEO of Joy Global Inc, Doheny Edward L Ii, had purchased 10,000 shares in a transaction dated on January 6, 2016. The transaction was executed at $11.2 per share with total amount equaling $112,000.

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.

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